US crude oil inventories rose, contrary to expectations, last week, with gasoline inventories rising in the same period.
The US Energy Information Administration showed that oil inventories rose by 4.6 million barrels for the week ending on September 24, which was contrary to expectations that had indicated a decline of 4.5 million barrels. .
US gasoline stocks rose 0.2 million barrels, and distillate stocks rose 0.4 million barrels.
Oil prices fell yesterday, Wednesday, after recording the first rise in US stocks in 8 weeks, and with the strength of the US dollar.
The price of Brent crude futures for November delivery fell by 0.6%, or 45 cents, to $78.64 a barrel.
Yesterday, the price of US NYMEX crude for November delivery fell 0.6%, or 46 cents, at $74.83 a barrel.
