By Liz Moyer
Investing.com — U.S. oil stockpiles surged again by an unexpected amount in the latest week, the Energy Information Administration said on Wednesday.
Crude inventories rose 13.798 million barrels last week, compared with analysts’ expectations for a build of 816,000 barrels. In the prior week, the build was a surprisingly large 21.5 million barrels.
Gasoline inventories fell 11.869 million barrels last week the EIA said, compared with expectations for a 3.47 million-barrel draw.Oil Stockpiles Surged 13.8 Million Barrels Last Week: EIA1Comments (1)