# U.S. crude stockpiles rise more than forecast in ninth weekly build - EIA

> The EIA reported a 4.9 million barrel crude inventory build for the week to November 16, above the 2.9 million expected, marking a ninth straight weekly rise. Gasoline stocks fell 1.3 million barrels and refinery utilization rose to 92.7 percent.

- Date: 2018-11-22 · published 2018-11-22T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/10265-u-s-crude-stockpiles-rise-more-than-forecast-in-ninth-weekly-build-eia
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A larger-than-expected crude build signals ample supply and pressures crude prices. Strong refinery runs and product draws support fuel prices, though the crude build dominates.

## Read by commodity

- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-01-10 | [US oil stockpiles rise more than forecast, distillates build to Sept 2021 high -EIA \| Reuters](https://feedsoft.ai/events/32307-us-oil-stockpiles-rise-more-than-forecast-distillates-build-to-sept-2021-high.md) | +0.5% | +2.4% |
| WTI | 2022-07-13 | [U.S. crude, fuel stockpiles rise as demand slackens - EIA](https://feedsoft.ai/events/40646-u-s-crude-fuel-stockpiles-rise-as-demand-slackens-eia.md) | +8.7% | -4.9% |
| WTI | 2024-05-01 | [Crude oil prices today: WTI falls to $79 on stockpile build, weak demand](https://feedsoft.ai/events/7236-crude-oil-prices-today-wti-falls-to-79-on-stockpile-build-weak-demand.md) | -4.3% | -3.7% |
| WTI | 2022-08-03 | [Oil falls to nearly 6-month lows after surprise U.S. crude, gasoline build](https://feedsoft.ai/events/12796-oil-falls-to-nearly-6-month-lows-after-surprise-u-s-crude-gasoline-build.md) | -4.1% | -4.5% |
| WTI | 2023-11-22 | [US crude stockpiles jump, distillates draw down to 18-mth low - EIA \| Reuters](https://feedsoft.ai/events/33338-us-crude-stockpiles-jump-distillates-draw-down-to-18-mth-low-eia-reuters.md) | -0.6% | -5.3% |

## Sources

- sweetcrudereports.com: https://sweetcrudereports.com/u-s-crude-stockpiles-rise-more-than-forecast-in-ninth-weekly-build-eia/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.