EIA: Crude oil stocks increased by 4.2 million barrels last week

On the evening of August 17, Beijing time, the US Department of Energy's Energy Information Administration (EIA) released the latest crude oil inventories report on Wednesday, showing that in the week ending August 12th, US crude oil inventories increased by 4.2 million barrels. Ultra-market surveys showed that analysts with 500,000 barrels of inventories are generally expected.

The report also pointed out that gasoline inventories fell by 3.5 million barrels last week, and distillate stocks increased by 2.4 million barrels; previous market surveys showed that analysts generally expect gasoline inventory to drop by 2.3 million barrels in the week ending August 12. Distillate stocks, including diesel and distillate fuels, will rise 700,000 barrels.

Affected by the unexpectedly sharp increase in inventory data, the New York Mercantile Exchange's main crude oil contract narrowed in advance in September. As of the Eastern Daylight Savings Time of 10:49, the contract was reported at US$88.35 per barrel, an increase of US$1.59, or a 1.9% increase. . The contract price before the inventory report was announced was around 88.90 US dollars per barrel.