Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.

Crude Oil Supplies up 1.1%

U.S. crude oil supplies expanded 4.0 million barrels (1.1%) for the week ending April 4, according to an Energy Information Administration report (link opens a PDF) released today.

After falling 2.4 million barrels the previous week, oil inventories are back on their nearly three-month long increase. This latest boost came primarily from an increase in imports, up by 481,000 barrels per day (bbpd) over the previous week. Overall inventories have declined 1.2% over the past 12 months. 


Gasoline inventories shrank 5.2 million barrels (2.4%) for the seventh straight draw. Demand for motor gasoline over the last four-week period is up a seasonally adjusted 4.4%. In the last year, supplies have fallen 5.3%. 

Over the past week, retail gasoline pump prices increased slightly to hit $3.60 per gallon.


Distillates supplies, which include diesel and heating oil, inched up 0.2 million barrels (0.2%) for the third week of increases. Distillates demand for the last four weeks is down a seasonally adjusted 1.1%. Unlike oil and gasoline, distillates inventories have edged up 0.4% over the past year. 


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2909196, ~/Articles/ArticleHandler.aspx, 3/29/2015 1:27:52 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...