08.07.2020 WTI Daily Analysis
Oil stockpiles rose 5.65 million barrels for the week ending July 4, the government agency said Wednesday. Analysts followed by Investing.com had forecast a draw of 3.1 million barrels. Inventories fell 7.1 million barrels the previous week.
Inventory at the
Cushing, Oklahoma, storage facility rose 2.2 million barrels, more than the 1.5 million barrels forecast by analysts.
Gasoline inventory fell 4.8 million barrels.
The weekly data comes after the
American Petroleum Institute estimated a 2 million build last week.