# EIA: US crude inventories climb 7.1 million bbl

> US crude inventories rose 7.1 million barrels in the week ended March 1, according to the EIA, to 452.9 million barrels. That level is about 4% above the five-year average. Distillate stocks fell 2.4 million barrels and sit about 3% below the five-year average.

- Date: 2019-03-06 · published 2019-03-06T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/60290-eia-us-crude-inventories-climb-7-1-million-bbl
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A larger-than-expected build in US crude stocks weighs on WTI prices and eases energy input cost pressure. The distillate draw is a partial offset for diesel prices.

## Read by commodity

- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-02-24 | [U.S. crude oil inventories rose as utilization drops](https://feedsoft.ai/events/37510-u-s-crude-oil-inventories-rose-as-utilization-drops.md) | +3.7% | -7.3% |
| WTI | 2017-05-18 | [CORRECTED-UPDATE 1-Oil drops on rising US crude inventories, defies expected supply cut extension](https://feedsoft.ai/events/70932-corrected-update-1-oil-drops-on-rising-us-crude-inventories-defies-expected.md) | +4.2% | -9.3% |
| WTI | 2018-08-31 | [Saudi crude oil output in August rises to 10.424 million b/d: OPEC source](https://feedsoft.ai/events/63444-saudi-crude-oil-output-in-august-rises-to-10-424-million-b-d-opec-source.md) | -3.6% | +4.2% |
| WTI | 2019-10-01 | [Oil slides 2.5% as US inventories build, weak economic data weighs](https://feedsoft.ai/events/56752-oil-slides-2-5-as-us-inventories-build-weak-economic-data-weighs.md) | -2.5% | +2.9% |
| WTI | 2017-05-03 | [U.S. oil inventories dip, but gasoline builds amid weak demand: EIA By Reuters](https://feedsoft.ai/events/10016-u-s-oil-inventories-dip-but-gasoline-builds-amid-weak-demand-eia-by-reuters.md) | -3.8% | +1.4% |

## Sources

- ogj.com: https://www.ogj.com/general-interest/economics-markets/article/17278724/eia-us-crude-inventories-climb-71-million-bbl

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