US commercial crude oil inventories rose by 0.4% in the week ending Sept. 26, according to data from the Energy Information Administration (EIA) released late Wednesday.
Stocks increased by about 1.8 million barrels to 416.5 million, above market expectations for a 1.5 million-barrel rise.
Strategic petroleum reserves, excluded from commercial inventories, grew by 700,000 barrels to 406.7 million.
Gasoline inventories also climbed, adding 4.1 million barrels to 220.7 million.
- Crude production remains above forecast
EIA data showed that US crude oil production edged up by 4,000 barrels per day (bpd) to around 13.51 million bpd during the same week.
Imports fell by 662,000 bpd to about 5.8 million bpd, while exports declined by 733,000 bpd to roughly 3.75 million bpd.
In its Short-Term Energy Outlook (STEO) released on Sept. 10, the EIA projected that US crude oil output would average 13.44 million bpd in 2025.
By Firdevs Yuksel
Anadolu Agency
energy@aa.com.tr