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US oil inventories rising to 6.3 million barrels

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Rocky


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US oil inventories rising to 6.3 million barrels





November 11, 2015 0


Data from the American Petroleum Institute showed that crude oil inventories in the United States rose last week with the support of a large increase in inventories Cushing, Oklahoma with a rise in imports, which overshadowed the refineries to increase the rate of consumption.

Crude stocks rose by 6.3 million barrels in the week that ended on the sixth of November to reach 486.1 million barrels, compared with analysts' expectations of an increase of one million barrels.

The institute said that crude inventories in US crude delivery depot in Cushing, Oklahoma rose 2.5 million barrels.

Petroleum Institute data showed that the volume of consumption of refineries rose 193 thousand barrels per day, while imports increased 198 thousand barrels per day.

Gasoline stocks fell 3.2 million barrels, compared with analysts' forecasts in a Reuters poll decrease of 800 thousand barrels.

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