Breaking: US Crude Inventories Surge by 7.3M Barrels, EIA Reports
MarketAlleys Desk
Published · 1 min read
In its latest report, the US Energy Information Administration (EIA) revealed a substantial increase in crude oil stockpiles in the United States. According to the data for the week ending April 26, crude inventories surged by 7.3 million barrels, reaching a total of 460.9 million barrels.
The report also highlighted a decline in crude oil refinery inputs, which averaged 15.6 million barrels per day, representing a decrease of 230,000 barrels per day from the previous week's average. Despite this, gasoline production saw an uptick, reaching an average of 9.4 million barrels per day.
Additionally, imports of crude oil into the US rose to an average of 6.8 million barrels per day, indicating a 274,000 barrels per day increase compared to the previous week. Overall, total commercial petroleum inventories experienced a significant uptick, rising by 7.9 million barrels.
Terms in this article
EIA inventory report
The US Energy Information Administration's Weekly Petroleum Status Report, normally released on Wednesdays, showing changes in US crude oil, gasoline and distillate stocks.
Ask about this story
Questions are answered only from this article and the sources it cites.
MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
Was this useful?
Report an issue with this article
Get the Daily Brief
What moved, why, and what matters next — every morning.
Related coverage
December NFP Release: Levels to Watch on the US Dollar Index
The December Nonfarm Payroll (NFP) release is set to drive market movements, offering crucial insights into the US labor market and its broader economic implications.
MarketAlleys Desk · · 3 min read
BREAKING: US Job Openings Steady at 7.7 M in October; Quits Rise
The US Bureau of Labor Statistics reported that job openings stayed unchanged at 7.7 million in the month of October, which reflected a decrease of 941,000 compared with the same period last year.
MarketAlleys Desk · · 1 min read
AUD/USD Breaks Support: Rate Cuts Loom After Disappointing GDP
The Australian Dollar has taken quite a beating this week; the AUD/USD tumbled to a 4-month low of $0.6422.
MarketAlleys Desk · · 4 min read
Breaking: JOLTS Report Shows US Job Openings Steady at 7.7M in October, Resignations Rise
The US Bureau of Labor Statistics reported that job openings remained stable at 7.7 million in October, marking a slight decline of 941,000 compared to the same period last year.
MarketAlleys Desk · · 1 min read