U.S. stockpiles grow for 10th week

Dubai-Mubasher: U.S. inventories rose for a 10th weekly gain, according to a recent data released by the Energy Information Administration.

The inventories also jumped by 1.18 million barrels to reach 489.42 million barrels.

Crude futures shipments to Cushing, Oklahoma rose 428,000 barrels, while refinery usage grew 423,000 barrels.

Imports added 414,000 barrels per day last week to reach 7.3 million barrels per day.

 US distillate stocks increased 3.1 million barrels compared to estimates of a 326,000 barrels increase.

Mubasher Contribution Time: 03-Dec-2015 08:40 (GMT)