Energy Preview: US Crude Oil Inventories Edge Up

Energy Preview: US Crude Oil Inventories Edge Up

Nov 25, 2021 09:11 IST capital market

The Commercial crude oil inventories in the US rose by 1.0 million barrels in the week ending November 19, the weekly report published by the US Energy Information Administration (EIA) revealed on Wednesday. The US gasoline stocks saw a slightly larger than forecast draw of 0.603 million barrels versus forecasts for a 0.5 million barrel draw. That decline took gasoline inventories to their lowest level since 2017, the EIA said. Distillate stocks also saw a draw of 2.0M barrels.

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