‎US crude oil inventories rise for 3rd consecutive week

‎<p><img src="https://argaamplus.s3.amazonaws.com/55014fc5-2f6d-416d-84b0-358aa23df612.png" ></p> <p class="ckeCaption" >Oil tanks</p> <hr> <p >US oil inventories rose for the third successive week during the week ending August 14, according to data released Wednesday by the US Energy Information Administration (EIA), contrary to expectations that they would fall by 1.6 million barrels.</p> <p ></p> <p >What does this mean?The successive increases in crude oil inventories point to weaker inventory drawdowns, potentially reflecting a slowdown in domestic oil consumption, while refined product inventories showed mixed trends.</p> <p ></p> <table align="center" border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="5" > <p ><strong><span ><span ><span >US Crude Derivatives Inventories (mln barrels)</span></span></span></strong></p> </td> </tr> <tr > <td > <p ><strong><span ><span ><span >Item</span></span></span></strong></p> </td> <td > <p align="center" ><strong><span ><span ><span >Last Year</span></span></span></strong></p> </td> <td > <p align="center" ><strong><span ><span ><span >Last Week</span></span></span></strong></p> </td> <td > <p align="center" ><strong><span ><span ><span >Current</span></span></span></strong></p> </td> <td > <p align="center" ><strong><span ><span ><span >Weekly Change</span></span></span></strong></p> </td> </tr> <tr > <td > <p ><strong><span ><span ><span >Crude Oil</span></span></span></strong></p> </td> <td > <p align="center" ><span ><span ><span >420.7</span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >424.4</span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >428.8</span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >+4.4</span></span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span ><span >Gasoline</span></span></span></strong></p> </td> <td > <p align="center" ><span ><span ><span >223.6</span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >208.7</span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >209.4</span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >+0.7</span></span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span ><span >Distillates</span></span></span></strong></p> </td> <td > <p align="center" ><span ><span ><span >116</span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >107.1</span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >105.6</span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >(1.5)</span></span></span></p> </td> </tr> </tbody> </table>

Publication

Argaam - Main News · Trade Publication

Published

19th August 2026

Original report

argaam.com

ProcIntel stores what the source published in its feed — a headline, a summary and a link. It does not store or reproduce the full article.