US Crude Oil Inventories Rise More than Expected: EIA
During the week ending September 26, crude oil inventories in the United States saw an increase of 1.792 million barrels, surpassing market predictions of a 1.5 million-barrel rise. At Cushing, Oklahoma, the key delivery hub, crude oil stocks experienced a reduction of 271,000 barrels. Simultaneously, gasoline inventories climbed by 4.125 million barrels, far exceeding the anticipated 0.5 million-barrel increase. In contrast, distillate stocks, encompassing diesel and heating oil, rose by 0.578 million barrels, which contradicts the expected decrease of 1 million barrels.
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