WASHINGTON (Dow Jones) – US crude oil inventories did not decline for the week ending April 29, 2022, contrary to expectations. It was 1.303 million barrels up from the previous week, according to the state Energy Information Administration (EIA). Analysts polled by Dow Jones Newswires had expected a decline of 0.2 million barrels. In the previous week, inventories increased by 0.691 million barrels.
advertisement
Trade oil, gold and all commodities with leverage (up to 30).
Trade commodities with high leverage and small spreads. You can start trading with as little as €100.00 to benefit from the effects of €3000 capital!
In the data published the day before by the American Petroleum Institute (API), a decrease of 3.5 million barrels was recorded. Gasoline stocks fell 2.23 million barrels, according to the Energy Information Administration. Analysts had expected a decline of only 0.3 million barrels after inventories fell by 1.573 million in the previous week. API data showed a decrease of 4.5 million barrels. US oil production for the week was flat at 11.9 million barrels per day. Compared to the same period last year, there was an increase of 1.0 million barrels.
Website: http://www.eia.gov/pet oil/supply/weekly/
Contact the author: [email protected]
DJG / DJN / Hap / Sha
(end) Dow Jones Newswires
May 04, 2022, 10:37 am EST (14:37 GMT)
“Total coffee aficionado. Travel buff. Music ninja. Bacon nerd. Beeraholic.”
More Stories
AMAG with sales and profits declining in the first quarter
Traditional FC Salzburg: Reaching old successes with a new coach?
Harald Wiel will take over as Group Vice President IT at Greiner from June 2024