Money and business

A slight rise in US oil stock during the past week

The US Energy Information Administration announced today, Wednesday, a slight increase in crude oil stock during the past week.
The administration stated that the crude rose during the week ending on April 11 by 500 thousand barrels, after its rise by 2.6 million barrels in the previous week.
Analysts expected the stock of 400,000 barrels to rise.

442.9 million barrels

With the simple rise, the US inventory has become 442.9 million barrels to remain almost 6% less than the average inventory during the past five years at this time of the year.

The administration also stated that gasoline stocks decreased by two million barrels during the past week, to be less than 1% less inventory during the past five years.
The stock of oil repentance, which includes heating oil and diesel (diesel), decreased by 1.9 million barrels, to remain almost 11% less than its average over the past five years at this time of the year.

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