US Oil Stockpiles Peak in East Coast, Midwest, Rockies Regions
The total amount of crude in U.S. storage rose to a new high led by gains in the East Coast, Rocky Mountains and Midwest, where new regional records were set, U.S. government data showed on Wednesday.
Oil stockpiles in the U.S. East Coast, known as PADD 1, rose for the third consecutive week to 20.15 million barrels. Inventories in the U.S. Midwest, or PADD 2, rose to 154.9 million barrels. Stocks in the Rocky Mountains,PADD 4, rose to 25.7 million barrels, according to the data from the U.S. Energy Information Administration.
(Reporting By Jessica Resnick-Ault)
