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

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

OilMonster Author

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.

Alabama Heavy Asphaltic Sour		46.12
Alabama Light Sour		51.25
Alabama Light Sour Womack Hill Type		55.28
Alabama Light Sweet		56.25
Alabama/ Florida Panhandle		64.72

INTERNATIONAL CRUDE OIL PRICES