Story perspectives

U.S. Crude Oil Inventories Surge, Prices Drop

2/20/2025

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Summary

Story summary

U.S. crude oil inventories increased by 3.34 million barrels, surpassing analyst expectations for the week ending February 14.
The Strategic Petroleum Reserve rose by 0.2 million barrels, still significantly below pre-withdrawal levels.
Brent crude prices fell to $76.05, and WTI dropped to $72.24 compared to last week.
Gasoline inventories grew by 2.83 million barrels, while distillate inventories decreased by 2.69 million barrels, remaining below five-year averages.

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Story summary

U.S. crude oil inventories increased by 3.34 million barrels, surpassing analyst expectations for the week ending February 14.
The Strategic Petroleum Reserve rose by 0.2 million barrels, still significantly below pre-withdrawal levels.
Brent crude prices fell to $76.05, and WTI dropped to $72.24 compared to last week.
Gasoline inventories grew by 2.83 million barrels, while distillate inventories decreased by 2.69 million barrels, remaining below five-year averages.