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Oil Stockpile Dropped by 3.48 Million Barrels Last Week: EIA By Investing.com

by Mike Robinson

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© Reuters.

The Energy Information Administration announced Wednesday that U.S. crude oil stocks fell more than anticipated in the last week.

fell 3.481 million barrels last week, compared with analysts’ expectations for a draw of 2.44 million barrels.

According to the EIA, stockpiles which includes diesel and were down 2.555 millions barrels last week compared with expectations of a draw in excess of 1.19million barrels.

According to the EIA, inventories increased by 3.475million barrels in week last week, which is higher than what was expected for a draw at 1.067million barrels.

 

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