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OilMonster
Crude Oil August 17, 2022 01:53:03 PM

U.S. Oil Inventories Drop an Unexpected 7 Million Barrels: EIA

Anil
Mathews
OilMonster Author
U.S. crude oil inventories dropped by more than expected last week, according to the Energy Information Administration.
U.S. Oil Inventories Drop an Unexpected 7 Million Barrels: EIA

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.