Crude supplies rose 2.8 million barrels in the week ended Sept. 18, the Energy Information Administration reported. Gasoline inventories gained 5.4 million barrels, and distillate stockpiles, which include diesel and heating oil, rose 3 million barrels.
"With a rise across the board in all inventories the numbers today confirm that we are in a high supply and weak demand environment," said Tariq Zahir, managing member of Tyche Capital Advisors. (more)
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