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Ekonomické zprávy
03.11.2021

EIA’s report reveals larger-than-forecast build in U.S. weekly crude oil inventories

The U.S. Energy Information Administration (EIA) reported on Wednesday that crude inventories rose by 3.291 million barrels in the week ended October 29, following an increase of 4.267 million barrels in the previous week. Economists had forecast a build of 2.225 million barrels.

At the same time, gasoline stocks decreased by 1.488 million barrels, while analysts had expected a drop of 1.333 million barrels. Distillate stocks jumped by 2.160 million barrels, while analysts had forecast a decline of 1.443 million barrels.

Meanwhile, oil production in the U.S. increased 200,000 barrels a day to 11.500 million barrels a day.

U.S. crude oil imports averaged 6.2 million barrels per day last week, down by 83,000 barrels per day from the previous week.

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