Stock exchange news, oil. US oil stocks have increased more than expected. As of February 24 oil stocks have increased by 4.2 mln. barrels, from 340.7 to 344.9 mln. barrels. This is the highest rate for last 5 months.
Such considerable increase has been mostly caused by the rise of import from 9.091 mln. barrels daily to 9.187 mln. barrels daily.
The increase has also been favoured by shortage of oil supply to US oil refineries from 14.889 mln. barrels daily to 14.607 mln. barrels daily. This is the lowest rate in February.
Capacity of refineries has dropped by 1.9 %. This shortage, which is mostly observed at the enterprises of the Gulf of Mexico coast, may have been caused by unplanned repairing.
Oil has been pressured by gasoline demand:
