{"id":12142,"date":"2019-11-06T20:41:13","date_gmt":"2019-11-06T15:41:13","guid":{"rendered":"http:\/\/umang.pk\/2019\/11\/crude-inventories-surge-by-nearly-8-million-barrels\/"},"modified":"2019-11-06T20:41:13","modified_gmt":"2019-11-06T15:41:13","slug":"crude-inventories-surge-by-nearly-8-million-barrels","status":"publish","type":"post","link":"https:\/\/umang.pk\/ur\/2019\/11\/06\/crude-inventories-surge-by-nearly-8-million-barrels\/","title":{"rendered":"Crude inventories surge by nearly 8 million barrels"},"content":{"rendered":"
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    This September 15, 2005 file photo has a sign welcoming commuters to Cushing, Oklahoma. Canada's Trans Canada company said it will build an oil pipeline from Oklahoma to Texas after President Barack Obama cuts off Canada's larger Keystone XL pipeline. The company said the new project does not cross the US border and does not require presidential approval. The Obama administration proposed to develop the Oklahoma-Texas line to mitigate oil gluten in Cushing's storage herb, Oklahoma. (AP Photo \/ Oklahoma Bay, Matt Strassen, File)<\/p>\n

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    This September 15, 2005 file photo has a sign welcoming commuters to Cushing, Oklahoma. Trans Canada of Canada said it would build an oil pipeline from Oklahoma to Texas after President Barack.<\/p>\n

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    \n Photo: Matt Strasen, MBR \/ AP
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      \n Photo: Matt Strasen, MBR \/ AP
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      This September 15, 2005 file photo has a sign welcoming commuters to Cushing, Oklahoma. Canada's Trans Canada company said it will build an oil pipeline from Oklahoma to Texas after President Barack Obama cuts off Canada's larger Keystone XL pipeline. The company said the new project does not cross the US border and does not require presidential approval. The Obama administration proposed to develop the Oklahoma-Texas line to mitigate oil gluten in Cushing's storage herb, Oklahoma. (AP Photo \/ Oklahoma Bay, Matt Strassen, File)<\/p>\n

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      This September 15, 2005 file photo has a sign welcoming commuters to Cushing, Oklahoma. Trans Canada of Canada said it would build an oil pipeline from Oklahoma to Texas after President Barack.<\/p>\n

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      \n Photo: Matt Strasen, MBR \/ AP
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      Crude Oil Inventory Increased Nearly 8 Million Barrels<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n

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      Commercial crude oil stocks in the United States surged to nearly 8 million barrels last week, overwhelming the decline in gasoline and other refined products.<\/p>\n

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      The inventory level of the total commercial oil supply increased by 3.9 million barrels, ending a record long walk with a four-week decline in total supply.<\/p>\n

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      Weekly data from the US Department of Energy reduced commercial crude oil by 7.7 million barrels and gasoline supply by 2.8 million barrels.<\/p>\n

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      Total US crude oil production is at a record high of 12.6 million barrels per day.<\/p>\n

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      US crude oil exports declined nearly one million barrels a day last week, contributing to an increase in the supply of crude oil in the cellar. In addition, oil refineries in the United States have fewer crude oil production than usual, as they have produced less than last week.<\/p>\n

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      Related: Crude Oil Prices, Ominous Signs for Industry<\/p>\n

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      However, US oil standards have steadily risen to more than $ 57 per barrel from their highest levels since September morning.<\/p>\n

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