U.S. crude oil inventories increased during the week ending Nov. 8, the U.S. Energy Information Administration (EIA) said in a report on Thursday.
According to the Weekly Petroleum Status Report, U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, increased by 2.2 million barrels from the previous week.
At 449.0 million barrels, U.S. crude oil inventories were about 3 percent above the five-year average for this time of year.
According to the EIA, total motor gasoline inventories increased by 1.9 million barrels last week and were about 2 percent above the five-year average for this time of year. Finished gasoline and blending components inventories both increased last week.
Distillate fuel inventories decreased by 2.5 million barrels last week and were about 10 percent below the five-year average for this time of year.
Propane/propylene inventories decreased by 2.5 million barrels last week and were about 10 percent above the five-year average for this time of year. Total commercial petroleum inventories decreased last week by 5.9 million barrels last week.
Editor:Cherie
