Commodities and Futures News
U.S. Oil Stockpiles Tumbled 8M Barrels Last Week: EIA
2022.04.20 17:56
By Sam Boughedda
Investing.com — U.S. oil stockpiles fell more than expected in the latest week, the Energy Information Administration said on Wednesday.
Crude oil inventories tumbled by 8.020 million barrels last week, compared with analysts’ expectations for a build of 2.471 million barrels.
Distillate stockpiles, which include diesel and heating oil, dropped by 2.664 million barrels in the week against expectations for a draw of 0.829 million barrels, the EIA data showed.
Gasoline inventories dropped 0.761m barrels last week, the EIA said, compared with expectations for a draw of 0.976 million barrels.
