EIA: US Crude Stocks Rise As Refining Slows, Gasoline Builds

Oct 11 15:10 2018 Print This Article

U.S. crude oil stockpiles rose last week for the third consecutive weekly build as refineries continued to reduce output for seasonal maintenance, while gasoline inventories grew unexpectedly, the Energy Information Administration (EIA) said Oct. 11.

Crude inventories rose 6 million barrels in the week to Oct. 5, compared with analysts' expectations for an increase of 2.6 million barrels. The build was in part due to a 2.4 million-barrel increase in stocks at the Cushing, Okla., delivery hub for U.S. crude futures.

Net U.S. crude imports fell last week by 1.4 million barrels per day (bbl/d) to 4.8 million bbl/d, the lowest rate since at least 2001 when the EIA began tracking the data. Weekly figures like this are volatile, however.

Read More

About Article Author

Oil and Gas Investor

OilandGasInvestor.com is your complete source for information about the financial world of oil and gas. An interactive, searchable version of Hart Energy Publishing's Oil and Gas Investor Magazine, this site also provides online content from OGI This Week and A&D Watch. In addition to providing daily analysis of trends and industry events, their editors interpret the news to highlight opportunities for investors. Since 1973, the company has been recognized for its expert coverage of the global energy industry through its highly respected, award-winning magazines, newsletters and directories, conferences, consulting services and online resources. With representation in the upstream, midstream, and downstream sector, Hart Energy takes the lead in providing original and timely data through its numerous products and services.

Related Items

Tech Talk for Monday October 15th 2018

  WALL STREET RAW RADIO SATURDAY, OCTOBER 13, 2018: WITH YOUR HOST MARK LEIBOVIT AND GUESTS DON VIALOUX AND SINCLAIR NOE: https://tinyurl.com/yc3oqbvg   Excerpts from Don Vialoux’ comments on Wall Street Raw U.S equity markets took scary moves last week. The Dow Jones Industrial Average droppe ...

Daily Markets Broadcast – 2018-10-15

Daily Markets Broadcast 2018-10-15 Wall Street suffers biggest weekly fall since March US indices rebounded Friday but still faced hefty losses in the week. Buoyant earnings reports from some banks on Friday failed to prevent the weekly decline. Warnings from global finance chiefs on the fragile s ...

Zooming Out - Is A Major Market Top In?

One of the things I have focused on when examining the US market as well as other markets around the world is the tops that have been created in the last 20 years.  There are multiple ways to look at tops. Rear view mirrors are great, but more importantly, can you mark significant tops on a ti ...

History Says To Watch Those 60 Minute Charts For Bottoming Clues

Market Recap for Friday, October 12, 2018 Finally, Wall Street saw buying pressure to end a trading session.  That certainly felt great psychologically, although as I point out below, I doubt that the short-term bottom is in.  It's possible, but the odds favor another short-term plunge.  For no ...

Asia Market Update :echoes of October past

Asia Markets  Asia shares are trading lower this morning led my losses on the Nikkei which is down 1.4 % ahead of a supplementary budget but the usual themes are weighing on local sentiment. Concerns over China -U.S. trade tensions, a possible slowdown in the Chinese economy and higher U.S. intere ...