US oil stocks rose 692,000 barrels in a week, less than expected

The US Energy Information Administration said today, Wednesday, that US oil stocks rose last week while fuel stocks fell.

The government agency added that crude oil inventories increased by 692,000 barrels in the week ending April 22 to 414.4 million barrels, compared to expectations of analysts interviewed by Reuters, who were referring to a two million barrel increase. .

Crude oil inventories in the US Strategic Petroleum Reserve fell to their lowest level since January 2002.

Stocks of crude oil at the Cushing delivery center, in Oklahoma, they increased by 1.3 million barrels.

Data from the Energy Information Administration showed that gasoline inventories fell by 1.6 million barrels to 230.8 million barrels, while analysts’ expectations were for an increase of 808,000 barrels.

Stocks of distillates, which include diesel and fuel oil, fell by 1.4 million barrels to 107.3 million barrels, against expectations of a decline of 292,000 barrels.

Net imports of crude oil from the United States increased by 646,000 barrels per day last week to 2.21 million barrels per day.

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