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U.S. Crude Inventories Fell By 4.6 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 by more than was expected during the week ended Wednesday.

Last week’s decline in crude inventories was 4.584 Million barrels, which is lower than analyst estimates of a draw at 2.082 Million barrels.

The EIA data revealed that distillate stocks, which includes diesel and, decreased by 2.853 million barrels over the past week, compared to expectations of an increase of 688,000 barrels.

The EIA reported that gasoline inventories decreased by 719,000 barrels on Friday, in comparison to expectations of an increase of 1.606million barrels.

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