Oil Stockpiles Rose an Unexpected 4.3 Million Barrels: EIA By Investing.com


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Investing.com — Crude stockpiles rose an unexpected amount last week, confounding expectations for a draw-down, according to government data.

rose 4.3 million barrels, according to the Energy Information Administration. The expectation was for a draw of 913,000 barrels. The data contradict the industry’s own calculation of a draw more than 5 million barrels last week.

Oil stored at , Oklahoma, declined 518,000 barrels last week, against expectations for a draw of 1.6 million barrels.

 

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