U.S. oil stockpiles rose more than anticipated, up by 3.291 million barrels last week, compared with analysts’ estimates for a build of 2.225 million barrels.
- Distillate stockpiles that incorporate diesel and heating oil increased by 2.16 million barrels in the week against estimates for a draw of 1.443 million barrels.
- U.S. crude oil imports hovered around 6.2 million barrels per day last week, falling by 83,000 barrels per day from the prior week.
- In the last four-week period, crude oil imports stood at an average of 6.1 million barrels per day, 14.9% higher than the same period last year.
- Gasoline inventories dropped by 1.488 million barrels last week, compared with estimates for a draw of 1.333 million barrels.
Total products supplied during the last four-week period stood at around 20.4 million barrels per day, an increase of 7.9% from the same period in 2020.
Oil is down -2.45%Source: EIA