U.S. crude oil stocks rose for week

U.S. crude oil stocks rose for week
# 01 February 2024 09:57 (UTC +04:00)

U.S. crude oil and gasoline inventories increased last week, while distillate fuel stocks fell and refineries reduced their capacity use, according to data released Wednesday by the U.S. Energy Information Administration, APA-Economics reports.

Commercial crude-oil stocks excluding the Strategic Petroleum Reserve rose by 1.2 million barrels to 421.9 million barrels in the week ended Jan. 26, and were about 5% below the five-year average for the time of year, the EIA said. Analysts surveyed by The Wall Street Journal had predicted crude stockpiles would decline by 800,000 barrels.

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