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US gasoline stocks up 6.5M barrels last week, crude down a third of that - EIA
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Investing.com — US stockpiles of gasoline jumped almost 6.5 million barrels last week, the biggest build in nearly two years, a government report showed on Wednesday, as refiners optimized processing of oil to capitalize on still-good profit margins despite waning seasonal demand for fuels.
Inventories of crude oil, meanwhile, fell by just a third during the week ended Sept 29 — amid the first rise in two months in volumes at the Cushing, Oklahoma hub that serves as a central delivery and storage point for U.S. crude, according to the Weekly Petroleum Status Report of the U.S. Energy Information Administration, or EIA.
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