U.S. Crude Oil Stockpiles Increase by 5.84 Million Barrels in One Week

The commercial crude oil inventories in the United States increased by 5.84 million barrels last week, reaching a total of 457.26 million barrels, according to the Department of Energy.

Gasoline stocks rose by 715,000 barrels, totaling 228.53 million barrels. Distillate fuel inventories also saw an increase of 1.66 million barrels, bringing the total to 117.73 million barrels.

Experts had anticipated an increase in crude oil stocks by 800,000 barrels, a decrease in gasoline stocks by 2.3 million barrels, and a drop in distillate inventories by 1.38 million barrels.