3:36 PM · 17 June 2020

US Crude Stocks rise more than expected

Crude inventories in the US rose by 1.21 million barrels in the week ended June 12th 2020, following an 5.7 million increase in the previous week and compared with analysts’ estimates of a 0.15 million advance, according to the EIA Petroleum Status Report.
Gasoline inventories fell by about 1.6 mln barrels, following a 0.86 million rise in the prior period while analysts expectated 0,75 mln barrels decline.

WTI Crude Oil (OIL.WTI) price rose after the release of today's EIA report and is heading towards $39.06 resistance level. Source: xStation5

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