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Wednesday, December 11, 2024

Increased stocks of crude oil, gasoline, and distillates in America

Increased stocks of crude oil, gasoline, and distillates in America

She added that crude stocks rose by 2.1 million barrels to 427.7 million barrels in the aforementioned week, compared to analysts’ expectations in a Reuters poll of an increase of 1.1 million barrels.

Management reported that inventories Oil Crude at the delivery center in Cushing, Oklahoma, rose 522 thousand barrels.

Crude consumption in refineries increased by 281 thousand barrels per day.

Refinery operating rates increased by 1.4 percent.

The administration said that gasoline stocks in the United States rose by 412,000 barrels to 211.3 million, compared to the expectations of analysts polled by Reuters for a decline of 878,000 barrels.

Administration data showed that distillate stocks, which include diesel and heating oil, increased by 2.9 million barrels to 115.8 million barrels, compared to expectations of a decrease of 1.1 million.

The administration said that US net imports of crude rose by 1.7 million barrels per day during the same week.



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