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U.S. Crude Oil Stockpiles Post Unexpected Build
wsj.com • • business
Key Points:
- U.S. crude oil inventories increased by 3 million barrels to 426.4 million barrels in the week ending September 18, surpassing expectations.
- The rise in inventories was attributed to slower refinery operations and higher net imports during the period.
- Current crude stock levels are approximately 2% above the five-year average for this time of year.
- Analysts had predicted a decline of 500,000 barrels, making the actual increase an unexpected development.
