EIA Reports Crude Oil Inventories Rose 4.4 Million Barrels in Week Ending August 14

Source Summary

U.S. crude oil inventories increased by 4.4 million barrels for the week ending August 14, according to the Energy Information Administration. Commercial stockpiles reached 428.8 million barrels, which is approximately at the five-year average for this time of year. The EIA data follows API figures released the previous day showing a decline of 328,000 barrels.