Analysts had forecast increase of oil reserves to the U.S. 488,9 million barrels, but their expectations were not met. Commercial stocks rose last week only to 487,3 million barrels.
MOSCOW, 18 Nov. Commercial oil stocks in the USA (excluding strategic reserves) for the week ended 13 November, rose by 0.3 million barrels, or 0.1% to 487,3 million barrels, said in the weekly review of the energy information administration of the Ministry of energy of the country.
Analysts polled by Reuters had expected the index increased by 1.9 million barrels to 488,9 million barrels.
Oil production in the U.S. last week, according to the Ministry, declined by 0.03%, or 3 thousand barrels a day — up to 9,182 million barrels. The oil reserves in the country’s largest terminal Cushing (Cushing) has increased by 1.5 million barrels — to 56.9 million barrels.
Gasoline inventories in the U.S. rose by 1 million barrels, or 0.5 percent, to $ 214,3 million barrels. Analysts, on the contrary, expected to reduce the rate of on 0,367 million barrels.
Distillate inventories, on the contrary, decreased by 0.8 million barrels, or 0.6% to 140,3 million barrels. Analysts predicted that the indicator will decrease by one million barrels of 0.533.