On Friday morning, the Foreign Ministry reported that three permanent members of the UNSC—the US, France, and the UK—had requested an emergency session on the matter.
Analysts polled by Reuters estimated on average that crude inventories rose by about 4.3 million barrels in the week to Feb. 16.
The Algerian-drafted resolution vetoed by the US did not link a ceasefire to the release of hostages.
Algeria put forward an initial draft resolution more than two weeks ago. But US Ambassador to the UN Linda Thomas-Greenfield quickly said the text could jeopardize "sensitive negotiations."
The UN Security Council had been due to vote on a brief draft resolution on Friday morning, but it was delayed at the request of the United Arab Emirates.
The US said it supported the resolution but did not vote for it because the text failed to condemn Hamas.
The newly appointed ambassador to Israel has drawn praise from both right and left. But his record in the Obama administration should raise concerns.
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