US commercial crude oil inventories rose 0.9% in the week ending Sept. 5, according to data from the Energy Information Administration (EIA) released late Wednesday.
Stocks increased by 3.9 million barrels to 424.6 million, well above the market forecast of a 1.2 million-barrel build.
Strategic petroleum reserves, excluded from commercial inventories, rose by 500,000 barrels to 405.2 million.
Gasoline inventories also climbed, rising 1.5 million barrels to 220 million.
- Crude production increases
EIA data showed that US crude oil production increased by 72,000 barrels per day (bpd) to about 13.49 million bpd during the week ending May 16.
US crude oil imports decreased by 471,000 bpd to approximately 6.27 million bpd, while exports decreased by 1.1 million bpd to around 2.745 million bpd over the same period.
In the Short-Term Energy Outlook (STEO) released on Sept. 10, the EIA predicted that crude oil output in the country would reach an average of 13.4 million bpd in 2025.
By Humeyra Ayaz
Anadolu Agency
energy@aa.com.tr
