Energy companies were among the biggest decliners, paced by losses in refining companies including Valero Energy and Marathon Petroleum. Crude oil inventories increased last week as the U.S. produced and imported more oil while exporting less, according to data released Wednesday by the Energy Information Administration. Commercial crude oil stocks excluding the Strategic Petroleum Reserve rose by 3.7 million barrels to 459.7 million barrels in the week ended June 7, the EIA said. Analysts surveyed by The Wall Street Journal had predicted crude stockpiles would fall by 1.2 million barrels. Write to Patrick Sullivan at patrick.sullivan@wsj.com(END) Dow Jones NewswiresJune 12, 2024 16:24 ET (20:24 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.

Source: Wall Street Journal June 12, 2024 20:40 UTC