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Oil Producers Kazakhstan is sharply increasing Russian… Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and gas sector.
Her… Crude oil inventories in the United States saw an increase of 3 million barrels during the week ending September 18, according to new data from the U.S.
Energy Information Administration (EIA) released on Wednesday.
The increase brings commercial stockpiles to 426.4 million barrels, according to government data, which is now 2% above the five-year average for this time of year.
The EIA’s data release follows API’s figures that were released a day earlier, which reported that crude oil inventories had gained 1.786 million barrels in the period.
Crude futures were trading up at 10:05 a.m.
Brent futures were trading at $101.40 per barrel—up $2.15 (2.17%) on the day but down roughly $6 per barrel from this same time last week.
WTI was also trading up on the day, by $1.47 per barrel (+1.63%) on Wednesday morning at $92.00, down about $10 per barrel since this time last week.
For total motor gasoline, the EIA reported that inventories decreased by 1.7 million barrels, after gaining 800,000 barrels in the week prior.
The most recent figures showed that average daily gasoline production averaged 9.6 million barrels.
For middle distillates, inventories decreased 400,000 barrels with production decreasing to an average of 5.2 million barrels daily.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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