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Oil stocks fell heavily in the US last week-EIA

12/07/2022

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2022.12.07 10:45

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U.S. oil inventories fell by 5.2 million barrels last week: EIA

Oil stocks fell heavily in the US last week-EIA

Budrigannews.com – The Energy Information Administration (EIA) reported that crude oil inventories in the United States fell more than anticipated last week.

Against expectations for a draw of 3.305 million barrels, which was 5.187 million barrels.

When compared to expectations for a build of 2.208 million barrels, stockpiles increased by 6.159 million barrels last week.

In contrast to expectations for a build of 2.707 million barrels, inventories increased by 5.320 million barrels.