Oil stocks rose 1.9 million barrels last week: EIA

US, WASHINGTON (ORDO NEWS) — US crude stocks rose less than expected last week, the Energy Information Administration reported on Wednesday.

The oil stocks rose 1.9 million barrels for the week ending March 13, said the EIA.

This compared to expectations of an increase of around 3.3 million barrels, according to forecasts compiled by Trading Central.

The gasoline inventories plunged by 6.2 million barrels, while forecasts expected a decline of about 2.9 million barrels. The distillate stocks fell 2.9 million barrels, while the forecast predicted a decline of 2 million barrels.

The futures on WTI remained down about 11.8% after the publication of figures.


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