US crude stocks at highest seasonally in at least 33 years: EIA
[NEW YORK] US crude stocks last week rose to their highest level seasonally since data was available in 1982, according to a weekly report from the US Energy Information Administration on Thursday.
Nationwide stocks jumped 7.6 million barrels to 468.6 million barrels, EIA data showed.
In the Gulf Coast, stocks hit their second-highest levels last week since data was available in 1990.
US East Coast refinery utilization jumped 9.4 percentage points to 89.8 per cent last week, while US Midwest refinery utilization rate fell 5.6 percentage points to 73.6 per cent, the lowest on record since 2010, according to the EIA.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Oil jumps, equities fall as Iran blasts fan Middle East tensions
Gold set for fifth weekly gain as geopolitical risks buoy demand
Oil holds near 3-week low as US sanctions interrupt easing tensions
Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts
BP reshapes its leadership team as some executives leave
BHP to decide on future of nickel business by August, trims met coal estimates