Commodities and Futures News

U.S. oil inventories fell by 5.4 million barrels last week: EIA

2022.11.16 10:48


U.S. oil inventories fell by 5.4 million barrels last week: EIA

Budrigannews.com – U.S. crude oil inventories fell by more than expected last week, the Energy Information Administration (EIA) said.

dropped by 5.4 million barrels, against expectations for a draw of 0.44M barrels.

stockpiles rose by 1.12M barrels last week, compared with expectations for a draw of 0.513M barrels.

inventories rose by 2.207M barrels, against expectations for a build of 0.31M barrels.

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