U.S. Oil Stockpiles Rose 4.3 Million Barrels Last Week: EIA By

© Reuters.

--U.S. oil stockpiles rose more than expected in the latest week,Aihua Forex official website platform the Energy Information Administration said on Wednesday.

Crude oil inventories rose 4.345m barrels last week, compared with analyst's expectations for a draw of 1.375 million barrels.

Distillate stockpiles, which include diesel and heating oil, rose by 0.332m barrels in the week against expectations for a draw of 1.826 million barrels, the EIA data showed.

Gasoline inventories fell by 3.616 million barrels last week, the EIA said, compared with expectations for a draw of 1.579 million barrels.

Crude oil prices continued their fall Tuesday, down more than 1% on worries surrounding demand from China — the largest oil importer — with the country facing Covid outbreaks in Shenzhen, a city of around 17 million. The city, which is a manufacturing hub, has been put into a stringent lockdown.

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