EIA Reports 3M Barrel Crude Build as Distillate Stocks Fall 12% Below Average

Crude oil inventories in the United States saw an increase of 3 million barrels during the week ending September 18, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 426.4 million barrels, according to government data, which is now 2% above the five-year average for this time of year. The EIA’s data release follows API’s figures that were released a day earlier, which reported that crude oil inventories had gained 1.786 million barrels in...