U.S. Oil Inventories Dropped by 4.5 Million Barrels Last Week: EIA

2022.07.27 17:53

By Liz Moyer

Investing.com — U.S. crude oil inventories fell by more than expected, according to the Energy Information Administration.

Crude oil inventories dropped by 4.523 million barrels against expectations for a draw of 1.037 million barrels. 

Distillate stocks rose more than expected, for a build of 0.784 million barrels. The expectation had been for a build of 0.5 million barrels.

Gasoline inventories dropped by 3.304 million barrels against expectations for a draw of 0.857 million barrels.

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