Commodities and Futures News
U.S. Oil Inventories Fell by 1.7 Million Barrels Last Week: EIA
2022.10.19 11:06
U.S. Oil Inventories Fell by 1.7 Million Barrels Last Week: EIA
Budrigannews.com – U.S. crude oil inventories fell by more than expected last week, according to the Energy Information Administration (EIA).
dropped by 1.725 million barrels, against expectations for a build of 1.38 million barrels, the EIA reported.
The EIA also reported that stockpiles rose by 0.124 million barrels last week. The expectation had been for a draw of 2.167 million barrels.
inventories, meanwhile, dropped by 0.114 million barrels, against expectations for a draw of 1.114 million barrels, the EIA said.
