FOREX TradingCharts.com

Financial News: U.S. Crude Oil Inventories Unexpectedly Increase By 1.8

U.S. Crude Oil Inventories Unexpectedly Increase By 1.8 Million Barrels

05/22/2024 - 10:39:00 (RTTNews)

(RTTNews) - A report released by the Energy Information Administration on Wednesday showed an unexpected rebound in U.S. crude oil inventories in the week ended May 17th.

The EIA said crude oil inventories rose by 1.8 million barrels last week after falling by 2.5 million barrels in the previous week. Economists had expected crude oil inventories to slump by 3.1 million barrels.

Despite the monthly increase, U.S. crude oil inventories remain about 3 percent below the five-year average for this time of year at 458.8 million barrels.

Distillate fuel inventories, which include heating oil and diesel, also crept up by 0.4 million last week but are about 7 percent below the five-year average for this time of year.

Meanwhile, the report said gasoline inventories fell by 0.9 million barrels last week and are about 2 percent below the five-year average for this time of year.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Crude Oil Inventories Unexpectedly Jump By 3.7 Million Barrels (50 min(s), 31 sec(s) ago)
(RTTNews) - Crude oil inventories in the U.S. unexpectedly saw a significant increase in the week ...Full Story»

U.S. Consumer Prices Unexpectedly Flat In May, Annual Growth Slows To 3.3% (02 hr(s), 05 min(s), 31 sec(s) ago)
(RTTNews) - With a steep drop in gasoline prices partly offsetting a continued increase in shelter ...Full Story»

Thailand Leaves Policy Rate Steady At 2.50% (02 hr(s), 10 min(s), 31 sec(s) ago)
(RTTNews) - Thailand's central bank decided to keep the interest rate unchanged for the fourth ...Full Story»

India Industrial Output Growth At 3-Month Low (02 hr(s), 11 min(s), 31 sec(s) ago)
(RTTNews) - India's industrial production growth moderated to a three-month low in April but t ...Full Story»

U.S. Mortgage Applications Show Substantial Rebound (02 hr(s), 23 min(s), 31 sec(s) ago)
(RTTNews) - After reporting two consecutive weekly decreases in U.S. mortgage applications, the Mo ...Full Story»

India Inflation Eases Further To 4.75%, Lowest In 1 Year (02 hr(s), 48 min(s), 31 sec(s) ago)
(RTTNews) - India's consumer price inflation eased for the fifth straight month in May to the ...Full Story»

U.S. Consumer Prices Unexpectedly Unchanged In May (02 hr(s), 57 min(s), 31 sec(s) ago)
(RTTNews) - With a steep drop in gasoline prices partly offsetting a continued increase in shelter ...Full Story»

UK Economy Flatlines As Election Looms (03 hr(s), 26 min(s), 31 sec(s) ago)
(RTTNews) - The UK economy stagnated in April as services growth was offset by falls in production ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Crude Oil Inventories Unexpectedly Jump By 3.7 Million Barrels

06/12/2024 - 10:45 AM (RTTNews)
(RTTNews) - Crude oil inventories in the U.S. unexpectedly saw a significant increase in the week ...Full Story>>

U.S. Consumer Prices Unexpectedly Flat In May, Annual Growth Slows To 3.3%

06/12/2024 - 09:30 AM (RTTNews)
(RTTNews) - With a steep drop in gasoline prices partly offsetting a continued increase in shelter ...Full Story>>

Thailand Leaves Policy Rate Steady At 2.50%

06/12/2024 - 09:25 AM (RTTNews)
(RTTNews) - Thailand's central bank decided to keep the interest rate unchanged for the fourth ...Full Story>>

India Industrial Output Growth At 3-Month Low

06/12/2024 - 09:24 AM (RTTNews)
(RTTNews) - India's industrial production growth moderated to a three-month low in April but t ...Full Story>>

U.S. Mortgage Applications Show Substantial Rebound

06/12/2024 - 09:12 AM (RTTNews)
(RTTNews) - After reporting two consecutive weekly decreases in U.S. mortgage applications, the Mo ...Full Story>>

Do not sell my personal information

Copyright © 2024. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.