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April 22, 2026

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US oil inventories rise 1.9M barrels last week

US Crude oil inventories rose in the week ended April 17, against expectations of a decrease by one million barrels, according to a report released by the Energy Information Administration (EIA). What does this mean? The rise in oil inventories shows a relative weakness in refinery demand, amid high prices due to the US war […]

By ijnn_world · IJNN Contributing Reporter · April 22, 2026

US Crude oil inventories rose in the week ended April 17, against expectations of a decrease by one million barrels, according to a report released by the Energy Information Administration (EIA).

What does this mean? The rise in oil inventories shows a relative weakness in refinery demand, amid high prices due to the US war on Iran. Meanwhile, the decline in gasoline and distillates inventories reflects continued strong demand for fuel as the summer vacationing seasons nears.…Read more by ArgaamPlus

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