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According to Dow Jones on October 17, data released by the U.
S.
Energy Information Administration (EIA) on Wednesday showed that U.
S.
crude oil inventories increased much more than expected in the week ended October 12, because many refineries are still partially shut down due to seasonal maintenance
.
U.
S.
crude inventories rose by 6.
5 million barrels last week to 416.
4 million barrels, and the current inventory is about 2 percent
higher than the same period in the past five years, the EIA said.
Analysts surveyed by The Wall Street Journal estimated that U.
S.
crude inventories rose by only 1.
5 million barrels
last week.
According to Dow Jones on October 17, data released by the U.
S.
Energy Information Administration (EIA) on Wednesday showed that U.
S.
crude oil inventories increased much more than expected in the week ended October 12, because many refineries are still partially shut down due to seasonal maintenance
.
U.
S.
crude inventories rose by 6.
5 million barrels last week to 416.
4 million barrels, and the current inventory is about 2 percent
higher than the same period in the past five years, the EIA said.
Analysts surveyed by The Wall Street Journal estimated that U.
S.
crude inventories rose by only 1.
5 million barrels
last week.
