The EIA reported a that crude oil stocks and gasoline inventories jumped last week due to increased crude imports. Domestic crude stocks rose 616,000 barrels to 370.9 million barrels during the week ending on May 20. 2011. The increase surprised analysts who were expecting a decline of 1.3 million barrels.   Crude imports rose 662,000 barrels a day to 9.2 million barrels a day (bpd).    Stocks of gasoline rose 3.79 million barrels to 209.7million barrels. That compared with expectations for a smaller300,000 barrel build.

× Comments are closed.