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Oil Inventories Up for the 6th Straight Week.

US OIl

U.S. crude stockpiles rose for a sixth straight week last week, reaching their highest in 20 months. Inventories rose by 4.14M barrels during the week ended Jan. 27. The Energy Information Administration, said in its Weekly Petroleum Status Report. The build was above the 0.376M forecast by industry analysts and compared with the rise of […]

EIA Report US Crude Inventory Increase.

Energy market

EIA Report US Crude Inventory Increase Update 1/11/23 Crude oil stockpiles in the United States increased by 19 million to 439.6 million barrels in the week ending January 6, the US Energy Information Administration said in its weekly report on Wednesday 1/11/23 compared with analysts’ expectations in a Reuters poll for a 2.2-million-barrel drop.   […]