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Surprising Inventory Shifts: Crude Oil Soars, Gasoline and Diesel Plummet

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Source: OilPrice.com
Surprising Inventory Shifts: Crude Oil Soars, Gasoline and Diesel Plummet
Photo: OilPrice.com
TL;DR

Crude oil inventories in the United States increased by 9.05 million barrels, surpassing analysts' expectations, while gasoline and diesel inventories decreased. The Strategic Petroleum Reserve (SPR) remained unchanged for the seventh consecutive week, with total purchases under the Biden Administration's buyback program falling below 4 million barrels. Oil prices dipped slightly ahead of the data release.

Topics:businessenergy#crude-oil-inventories#diesel-inventories#energy#gasoline-inventories#oil-prices#strategic-petroleum-reserve
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  1. Crude Oil Inventory Balloons but Gasoline, Diesel Inventories Fall  OilPrice.com
  2. US crude stockpiles jump, distillates draw down to 18-mth low - EIA  Reuters
  3. Private oil survey data shows MUCH larger headline crude build than was expected  ForexLive
  4. Oil Inches Down On Inventory Build | OilPrice.com  OilPrice.com
  5. Crude oil declines as US inventories rise above market expectations  BusinessLine
  6. View Full Coverage on Google News

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