Wednesday, April 22, 2009

Crude Oil Inventory Rise Continues

The AP details:

Crude inventories rose more than forecast last week while gasoline inventories jumped despite expectations for a dip, according to government data released Wednesday.

For the week ended April 17 crude inventories rose by 3.9 million barrels, or 1.1 percent, to 370.6 million barrels, which is 17.2 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.

That's the highest inventory level since September 1990.

Source: EIA

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