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CRUDE STOCK: US crude oil inventories up 1.8 mln bbl in week to Fri, exports rise

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CRUDE STOCK

US crude oil inventories up 1.8 mln bbl in week to Fri, exports rise

This story was originally published at 15:34 IST on May 23, 2024  Back
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US crude oil stocks, excluding strategic petroleum reserves, surged by 1.8 mln barrels to 458.8 mln bbl in the week ended Friday, but were 3?low the five-year average for this time of the year, the Energy Information Administration said in its weekly report released on Wednesday. In a poll by Dow Jones, analysts had expected a 2.0 mln bbl drawdown last week.

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