{"id":16750,"date":"2023-06-01T11:41:18","date_gmt":"2023-06-01T15:41:18","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/commodities\/u-s-crude-stocks-up-about-4-5m-barrels-last-week-eia\/"},"modified":"2023-06-01T11:41:19","modified_gmt":"2023-06-01T15:41:19","slug":"u-s-crude-stocks-up-about-4-5m-barrels-last-week-eia","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=16750","title":{"rendered":"U.S. crude stocks up about 4.5M barrels last week – EIA"},"content":{"rendered":"
\n

Investing.com — stockpiles rose last week while fuel inventories were mixed, according to government data on Thursday that bucked expectations for falls in both as oil bulls bet on higher energy demand with the advent of summer travel.<\/p>\n

The rose by 4.489 million barrels during the week ended May 26, the Energy Information Administration, or EIA, said in its Weekly Petroleum Status Report.\u00a0<\/p>\n

Analysts tracked by Investing.com had forecast a crude draw of 1.101M for last week. In the prior week to May 19, the EIA reported a deficit of 12.456M barrels, the most in six months or the week ended November 25.<\/p>\n

The EIA, meanwhile, reported a draw of 2.6M barrels from the U.S. Strategic Petroleum Reserve, which the Biden administration has been tapping since late 2021 to ease crude supply tightness in the market. If that were to be added to total draws, the net decline in crude stockpiles last week would be above 14M barrels.<\/p>\n

On the fuel side, the EIA reported larger deficits as well in weekly stockpiles of gasoline and distillates.<\/p>\n

On the front, there was a draw of 0.207M barrels versus forecasts for a deficit of 0.369M and the previous weekly decline of 2.053M. Automotive fuel gasoline is the No. 1 U.S. fuel product.<\/p>\n

With , the rise was 0.985M barrels, versus expectations for a draw of 0.118M and the prior week\u2019s deficit of 0.562M. Distillates are refined into , diesel for trucks, buses, trains and ships, and fuel for jets.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Investing.com — stockpiles rose last week while fuel inventories were mixed, according to government data on Thursday that bucked expectations for falls in both as oil bulls bet on higher energy demand with the advent of summer travel. The rose by 4.489 million barrels during the week ended May 26, the Energy Information Administration, or […]<\/p>\n","protected":false},"author":1,"featured_media":3698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[242],"tags":[83],"class_list":["post-16750","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-commodities","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nU.S. crude stocks up about 4.5M barrels last week - EIA | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Investing.com -- stockpiles rose last week while fuel inventories were mixed, according to government data on Thursday that bucked expectations for falls\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=16750\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. crude stocks up about 4.5M barrels last week - EIA | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Investing.com -- stockpiles rose last week while fuel inventories were mixed, according to government data on Thursday that bucked expectations for falls\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=16750\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-01T15:41:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-01T15:41:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXMPEB050EH_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"535\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=16750#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=16750\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"U.S. crude stocks up about 4.5M barrels last week – EIA\",\"datePublished\":\"2023-06-01T15:41:18+00:00\",\"dateModified\":\"2023-06-01T15:41:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=16750\"},\"wordCount\":261,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Commodities\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=16750#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=16750\",\"url\":\"https:\/\/ifintechworld.com\/?p=16750\",\"name\":\"U.S. crude stocks up about 4.5M barrels last week - EIA | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-06-01T15:41:18+00:00\",\"dateModified\":\"2023-06-01T15:41:19+00:00\",\"description\":\"Investing.com -- stockpiles rose last week while fuel inventories were mixed, according to government data on Thursday that bucked expectations for falls\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=16750#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=16750\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=16750#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"U.S. crude stocks up about 4.5M barrels last week – EIA\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"U.S. crude stocks up about 4.5M barrels last week - EIA | iFintechWorld","description":"Investing.com -- stockpiles rose last week while fuel inventories were mixed, according to government data on Thursday that bucked expectations for falls","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=16750","og_locale":"en_US","og_type":"article","og_title":"U.S. crude stocks up about 4.5M barrels last week - EIA | iFintechWorld","og_description":"Investing.com -- stockpiles rose last week while fuel inventories were mixed, according to government data on Thursday that bucked expectations for falls","og_url":"https:\/\/ifintechworld.com\/?p=16750","og_site_name":"iFintechWorld","article_published_time":"2023-06-01T15:41:18+00:00","article_modified_time":"2023-06-01T15:41:19+00:00","og_image":[{"width":800,"height":535,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXMPEB050EH_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=16750#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=16750"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"U.S. crude stocks up about 4.5M barrels last week – EIA","datePublished":"2023-06-01T15:41:18+00:00","dateModified":"2023-06-01T15:41:19+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=16750"},"wordCount":261,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Commodities"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=16750#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=16750","url":"https:\/\/ifintechworld.com\/?p=16750","name":"U.S. crude stocks up about 4.5M barrels last week - EIA | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-06-01T15:41:18+00:00","dateModified":"2023-06-01T15:41:19+00:00","description":"Investing.com -- stockpiles rose last week while fuel inventories were mixed, according to government data on Thursday that bucked expectations for falls","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=16750#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=16750"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=16750#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"U.S. crude stocks up about 4.5M barrels last week – EIA"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/16750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16750"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/16750\/revisions"}],"predecessor-version":[{"id":16751,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/16750\/revisions\/16751"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/3698"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}