Both crude oil and gasoline inventories in the United States rose last week, while distillate inventories fell.

Data from the US Energy Information Administration showed that crude oil inventories rose significantly over the past week. It increased by 3.7 million barrels to reach 9.460 million barrels, exceeding the expectations of analysts who expected a decrease by 1.1 million barrels.

This increase was particularly concentrated in the delivery center in Cushing, Oklahoma; Crude oil stocks there saw an increase of 1.1 million barrels.

In contrast, crude consumption at US refineries fell by 230,000 barrels per day during the same week, while refinery operation fell by one percentage point.

Regarding gasoline, the data showed an increase in its inventory by 300 thousand barrels to reach 1.2 million barrels, exceeding the expectations of analysts who expected a decrease by 1.1 million barrels.

As for distillate stocks, which include diesel and heating oil, they recorded a decrease of 700 thousand barrels during the week to reach 9.11 million barrels, while expectations indicated a decrease by only 200 thousand barrels.