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U.S. Oil Stockpiles Fell By 2.1 Million Barrels Last Week: EIA -Breaking

by Mike Robinson

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© Reuters.

Sam Boughedda

Investing.comAccording to the Energy Information Administration, U.S. crude oil inventories fell below expectations last week.

The crude oil inventories decreased by 2.114 Million barrels last week, contrary to analysts’ predictions for a draw at 3.283million barrels.

According to the EIA, distillate stockpiles (which include diesel) increased by 4.418million barrels during the week, against the expectations of an increase of 1.525m barrels.

According to EIA, gasoline inventories increased by 10.28 Million barrels in the last week. This is in comparison with an expected rise of 1.775 Million barrels.

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