U.S. crude inventories jump 16.3M barrels last week - EIA

By Barani Krishnan

Investing.com -- U.S. crude stockpiles rose for an eighth straight week last week and almost 10 times more than forecast, government data showed.

U.S. crude inventories rose by 16.283 million barrels during the week ended Feb. 10, the Energy Information Administration, or EIA, said in its Weekly Petroleum Status Report.

Industry analysts tracked by Investing.com had forecast a draw of just 1.166M barrels for the week.

(This is a breaking story that will be updated)

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