facebook
twitter
search
search

Crude oil inventories up slightly

April 11, 2013 at 7:46 AM
| License Photo

WASHINGTON, April 11 (UPI) -- U.S. crude oil inventories rose marginally in the week ending Friday, the Energy Information Administration said.

In a report released late Wednesday, the agency said inventories climbed by 300,000 barrels to 388.9 million barrels and remain well above the upper limit of the average range for this time of year.

Over the past three weeks, inventories have risen by more than 6 million barrels.

The EIA said supplies of distillate fuels, which include home heating oil, fell by 200,000 barrels to 112.8 million barrels. Inventories of distillate fuels are in the lower limit of the average range for this time of year, the agency said.

Stockpiles of gasoline rose by 1.9 million barrels to 222.4 million barrels this week, rising to the upper limit of the average range for this time of year.

The national average price of unleaded gasoline moved lower for the sixth consecutive week, dropping 3.7 cents to $3.608 per gallon, putting the price of gasoline 33.1 cents lower than the same week of 2012.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Compact cannon for British armored vehicles
Kraft-Heinz merger forms world's fifth-largest food-beverage company
Australia orders airborne refueling tankers
BBC to lay off 1,000 people to make up for $234M in lost revenue
New Zealand military receives medium heavy military trucks