Stock Groups

U.S. Oil Stockpiles Fell By 240,000 Barrels Last Week: EIA -Breaking


© Reuters.

Sam Boughedda

Investing.comThe Energy Information Administration reported Wednesday that U.S. crude oil stocks fell less than anticipated in the last week.

Last week’s decline in crude inventories was 240,000 barrels, which is a significant decrease from analysts’ predictions of an increase of 1.705million barrels.

The EIA data revealed that distillate stocks, which includes diesel, increased by 2.734million barrels last week, compared to expectations of a rise of 1.571 million barrels.

According to the EIA, gasoline inventories increased by 3.882 Million barrels in week last, which is higher than what was expected for an increase of 1.798million barrels.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.