Data Point - Oil Inventories - Granite Grok

Data Point – Oil Inventories

Oil inventory

A report from the Energy Information Administration on Wednesday said that US Crude inventories rose by 4.9 million barrels last week. This was more than the 3.6 million barrel increase that was expected. “At 417.9 million barrels, U.S. crude oil inventories are at the highest level for this time of year in at least the last 80 years,” the EIA wrote in its release.

(H/T: Business Insider)

>