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U.S. crude oil inventories rose, fuel inventories declined, and total exports hit a new high

MeNews
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ME News, on April 23 (UTC+8), the U.S. Energy Information Administration (EIA) said on Wednesday that U.S. crude oil inventories increased last week, while gasoline and refined oil inventories declined. Due to supply disruptions caused by the Iran war, the U.S. total export volume reached a record level. The U.S. Energy Information Administration said that in the week ending April 17, crude oil inventories rose by 1.9 million barrels to 465.7 million barrels, while expectations were for a decrease of 1.2 million barrels. The EIA said that crude oil inventories at the delivery hub in Cushing, Oklahoma increased by 806,000 barrels. Despite the unexpected increase in inventories, oil prices still rose. (Jin10) (Source: ODAILY)
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