Commercial oil stocks in the United States (excluding strategic reserves) for the week ended 15 November, increased by 1.4 million barrels, or 0.3%, to 450,4 million barrels.
This is stated in the weekly report of the energy information administration of the country energy.
The analysts polled earlier by Reuters had expected an increase of these reserves 1,543 million barrels.
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Oil production in the U.S. last week, according to the Ministry, has not changed from last week and amounted to 12.8 million barrels a day.
The oil reserves in the country’s largest terminal in Cushing fell by 2.3 million barrels – up to 44.2 million.
Gasoline inventories increased by 1.8 million barrels, or 0.8% — up to 220.8 million barrels. Analysts predicted increase in gasoline stocks by 0.87 million barrels. Distillate stocks for the week fell by 1 million barrels, or 0.8%, to 115,7 million barrels. It was forecast to decrease by 0.73 million barrels.
A strategic reserve of oil in the country compared with the previous week fell by 2 million barrels to 637,5 million barrels.
We will remind, on Wednesday, the energy information Administration of U.S. Department of energy has published data on stocks of oil and oil products. According to the report, oil production for the week rose by 200 thousand to 12.8 million barrels. This is a new record. While crude oil inventories rose by 2.2 million barrels and stocks of gasoline by 1.9 million barrels.