Advertisement
U.S. Crude Oil Inventories Unexpectedly Jump By 3.7 Million Barrels
(RTTNews) - Crude oil inventories in the U.S. unexpectedly saw a significant increase in the week ended June 7th, according to a report released by the Energy Information Administration on Wednesday.
The EIA said crude oil inventories jumped by 3.7 million barrels last week after rising by 1.2 million barrels in the previous week. Economists had expected crude oil inventories to decrease by 1.6 million barrels.
At 459.7 million barrels, U.S. crude oil inventories remain about 4 percent below the five-year average for this time of year, the EIA said.
The report said gasoline inventories also shot up by 2.6 million barrels last week and are just slightly below the five-year average for this time of year.
Distillate fuel inventories, which include heating oil and diesel, also edged up by 0.9 million barrels last week but are about 7 percent below the five-year average for this time of year.
U.S. New Home Sales Rebound Much Less Than Expected In June
U.S. Initial Jobless Claims Unexpectedly Dip To 217,000
U.S. Existing Home Sales Slump To Nine-Month Low In June
U.S. Leading Economic Index Dips Slightly More Than Expected In June
U.S. Consumer Sentiment Reaches Five-Month High In July
U.S. Housing Starts Rebound More Than Expected In June
U.S. Housing Starts Surge 4.6% In June, More Than Expected
