US oil inventories rose by more than analysts’ expectations during the past week, to continue to rise for the seventh time in a row, and gasoline and distillate stocks also rose.
The weekly report issued by Energy information management America, today, Wednesday (February 8, 2023) – Crude stocks in the United States increased by about 2.4 million barrels during the week ending February 3, 2023, bringing the total to 455.1 million barrels.
Estimates of Standard & Poor’s Global indicated that US oil stocks increased by 2.1 million barrels, according to what was monitored by the Energy Research Unit.
US gasoline stocks
Gasoline inventories in the US rose by 5 million barrels over the past week, to reach 239.6 million barrels.
Distillate stocks – which include diesel, heating fuel and others – rose by about 2.9 million barrels, to reach 120.5 million barrels.
Analysts had expected an increase in gasoline and distillate inventories by 1.6 and 0.1 million barrels.
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