U.S. oil inventories rise by about 4 million barrels
The Energy Information Administration (EIA) announced on Wednesday that oil inventories in the United States rose more than expected in the weekly reading.
The government agency revealed in its official data today that oil inventories in America rose by 3.9 million barrels to 440.8 million barrels, while analysts expected them to rise by about 0.2 million barrels.
Gasoline inventories fell by 900,000 barrels to 205.7 million barrels, while distillate inventories fell by 0.5 million barrels to 106.3 million barrels.