02-07-2025
US crude inventories log 3.8M-barrel hike last week
US crude oil inventories increased unexpectedly in the week ended June 27, marking the first weekly hike in six weeks, data by the Energy Information Administration (EIA) showed.
Commercial crude inventories added 3.8 million barrels last week, compared to forecasts for a 1.7-million-barrel slump.
Gasoline inventories also jumped by 4.2 million barrels, while distillate stocks — including diesel and heating oil — shed 1.7 million barrels.
