US crude stocks highest since June 2021 as fuel demand falls — EIA

Quick Summary:

Net US crude imports fell by 1.79 million barrels per day, the EIA said.

US gasoline stocks rose by 1.8 million barrels in the week to 232 million barrels, the EIA said.

US crude futures rose by more than US$1 to a session high of US$81.23 on Wednesday morning, before paring gains.“The increase was much smaller than anticipated and that’s raising concerns about tightness in supply,” said Phil Flynn, analyst at Price Futures Group.

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Category: InvestingFinance

Markets: Malaysia

Topics: Last Barrels Rose Million 2021 Fell Inventories Week Crude Demand Stocks

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Article Type: News Report

Published On: 2023-01-25 @ 17:50:00 (2 weeks ago)

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