Money and business

Unlike expectations … the high stock of crude oil in America

On Wednesday, the US Energy Information Administration announced the rise of crude oil in the United States during the past week, unlike expectations.
The administration stated that the crude stock rose during the week ending in April 18 by 200 thousand barrels, while analysts expected to decline by 700 thousand barrels, after its height by 500 thousand barrels in the previous week.

Crude oil stocks

With the unexpected rise, 443.1 million barrels have become almost 5% 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 4.5 million barrels during the past week, to almost 3% less than the average inventory during the past five years.

The American Raw Stock - The Economic Times

The stock of oil fools, which includes heating oil and diesel (diesel), decreased by 2.4 million barrels, to remain almost 13% less than its average over the past five years at this time of the year.

Related Articles

Back to top button