The U.S. Energy Information Administration (EIA) has released its latest weekly petroleum status report, which shows commercial crude oil stocks in the United States rising week on week. According to the report, commercial crude inventories stood at 426.39 million barrels as of September 18. This figure excludes oil held in the Strategic Petroleum Reserve (SPR), meaning it reflects crude held by industry rather than government stocks. The latest reading represents an increase compared with the previous week's level, based on the weekly data. The report is part of the EIA's regular weekly coverage of U.S. petroleum supplies, and the newest figures point to a build in commercial crude holdings.
Source: Rigzone