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Investing.com — U.S. crude oil inventories rose unexpectedly last week, versus forecasts for drawdown, data from the Energy Information Administration (EIA) showed.
Crude inventories rose by 10.231 million barrels, against expectations for a draw of 3.595M barrels, the EIA said in its Weekly Petroleum Status Report for the week ended Dec. 9.
Gasoline inventories also rose more than expected, by 4.496M barrels, versus a forecast build of 2.714M barrels.
Distillate stockpiles, meanwhile, rose by 1.364M barrels last week, compared with expectations for a build of 2.517M barrels.
Source: Investing.com