Oil Inventories Rise Toward the End of 2023 - OilPrice.com

Oil Inventories Rise Toward the End of 2023 | OilPrice.com

| WTI Crude •10 mins | 73.82 | -1.75 | -2.32% |
| Brent Crude •10 mins | 79.41 | -1.66 | -2.05% |
| Murban Crude •15 mins | 78.74 | -2.38 | -2.93% |
| Natural Gas •3 hours | 2.621 | +0.071 | +2.78% |
| Gasoline •17 mins | 2.143 | -0.015 | -0.69% |
| Louisiana Light •2 days | 78.22 | +1.63 | +2.13% |

Louisiana Light • 2 days 78.22 +1.63 +2.13% Bonny Light • 6 days 81.11 +0.31 +0.38% Opec Basket • 7 days 80.84 -0.40 -0.49% Mars US • 54 days 79.33 -2.03 -2.50% Gasoline • 17 mins 2.143 -0.015 -0.69%

| Marine •2 days | 77.61 | -0.71 | -0.91% |
| Murban •2 days | 78.75 | -1.70 | -2.11% |
| Iran Heavy •6 days | 78.97 | +0.20 | +0.25% |
| Basra Light •758 days | 71.69 | -3.60 | -4.78% |
| Saharan Blend •6 days | 79.98 | +0.49 | +0.62% |
| Bonny Light •6 days | 81.11 | +0.31 | +0.38% |

Bonny Light • 6 days 81.11 +0.31 +0.38% Girassol • 6 days 80.41 +0.35 +0.44% Opec Basket • 7 days 80.84 -0.40 -0.49%

| Canadian Crude Index •211 days | 53.57 | -1.23 | -2.24% |
| Western Canadian Select •15 hours | 54.97 | +2.01 | +3.80% |
| Canadian Condensate •15 hours | 77.72 | +2.01 | +2.65% |
| Premium Synthetic •15 hours | 75.97 | +2.01 | +2.72% |
| Sweet Crude •15 hours | 65.82 | +2.01 | +3.15% |
| Peace Sour •15 hours | 62.07 | +2.01 | +3.35% |

Peace Sour • 15 hours 62.07 +2.01 +3.35% Light Sour Blend • 15 hours 64.82 +2.01 +3.20% Syncrude Sweet Premium • 15 hours 64.57 +2.01 +3.21% Central Alberta • 15 hours 62.32 +2.01 +3.33%

| Louisiana Light •2 days | 78.22 | +1.63 | +2.13% |
| Domestic Swt. @ Cushing •6 days | 70.37 | +0.00 | +0.00% |
| Giddings •2 days | 63.79 | -0.33 | -0.51% |
| ANS West Coast •2 days | 81.58 | +1.88 | +2.36% |
| West Texas Sour •6 days | 67.97 | +0.00 | +0.00% |
| Eagle Ford •2 days | 72.00 | +1.50 | +2.13% |

Eagle Ford • 2 days 72.00 +1.50 +2.13% Oklahoma Sweet • 2 days 72.00 +1.63 +2.32% Kansas Common • 2 days 65.75 +2.00 +3.14% Buena Vista • 2 days 81.53 +2.01 +2.53%

Oil Inventories Rise Toward the End of 2023

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Julianne Geiger

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group.

Crude oil inventories in the United States rose this week by 1.837 million barrels for the week ending December 22, according to The American Petroleum Institute (API), after recording a 939,000-barrel build in crude inventories in the week prior.

API data shows a net build in crude oil inventories in the United States of just over 21 million barrels so far this year.

On Monday, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) rose by 800,000 barrels. Inventories are now at 353.3 million barrels, with total purchases for the SPR totaling more than 6 million barrels since the Biden Administration began its buyback program.

Oil prices were trading down ahead of API data release as the year draws close to the end. At 10:00 am ET, Brent crude was trading down 0.67% at $80.53—an increase of just over $1 per barrel compared to where it was this same time last week. The U.S. benchmark WTI was trading down on the day by 0.85% at that time, at $74.93–a decrease of nearly $5 per barrel compared to this time last week.

By Julianne Geiger for Oilprice.com

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