U.S. crude oil inventories dropped by more than expected last week, according to the Energy Information Administration.
Investing.com -- U.S. crude oil inventories dropped by more than expected last week, according to the Energy Information Administration.
Crude oil inventories dropped 7.056 million barrels against expectations for a draw of 0.275 million barrels.
Distillate stocks rose 0.766 million barrels. The expectation had been for a build of 0.44 million barrels.
Gasoline inventories dropped 4.642 million barrels against expectations for a draw of 1.096 million barrels.
| United States Crude Oil Prices | |||
|---|---|---|---|
| COMMODITY | PRICE | CHANGE | |
| Alabama Heavy Asphaltic Sour | 64.94 | -1.73 | |
| Alabama Light Sour | 72.16 | -1.92 | |
| Alabama Light Sour Womack Hill Type | 55.28 | +5.30 | |
| Alabama Light Sweet | 77.16 | -1.92 | |
| Alabama/ Florida Panhandle | 72.22 | -3.60 | |
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