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EIA: US crude inventories rose sharply while gasoline stock droppedEIA: US crude inventories rose sharply while gasoline stock dropped |
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According to the latest data from the Energy Information Agency, the US commercial crude inventories rose sharply by 4.5 million barrels in the week ending 18 February 2022 to 416 million barrels. However, the report did not have any significant impact on the market as Russia-Ukraine war carry heavier weigh.
The country’s gasoline stocks fell 600,000 barrels to 246.48 million barrels.
Refinery utilization rates increased 2.1% to 87.4%.
US active rig counts rose 5 from the previous week to 650, according to data from the Baker Hughes.
