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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.

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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.