By Sam Boughedda
Investing.com — U.S. oil stockpiles rose in the latest week, confounding expectations for a drop, the Energy Information Administration said on Wednesday.
Crude inventories increased by 1.121 million barrels last week, compared with analyst’s expectations for a draw of 1.572 million barrels.
Distillate stockpiles, which include diesel and , declined by 1.552m barrels in the week against expectations for a draw of 1.463 million barrels, the EIA data showed.
Gasoline inventories declined by 1.331 million barrels last week, the EIA said, compared with expectations for a build of 0.550 million barrels.
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by : Investing.com
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