News Column

US crude oil stockpiles slightly increased last week, EIA report

February 5, 2014

The Energy Information Administration published its weekly update for the change in crude oil stockpiles in the U.S, which showed a slight increase in inventories for WTI crude oil. Stock piles increased by 440,000 barrels in the week-ended January 31 , well below estimates that called for a rise of 2.2 million barrels. Finished gasoline inventories icnreased by 505,000 barrels, while distillate fuel inventories declined by 2.3 million barrels.

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Source: Financial Markets

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