Crude Stockpiles Dropped 5.889 Million Barrels Last Week: EIA

© Reuters.

By Liz Moyer — U.S. oil stockpiles dropped more than expected in the latest week, the Energy Information Administration said on Wednesday.

dropped 5.899 million barrels last week, compared with analysts’ expectations for a draw of 2.889 million barrels.

stockpiles, which include diesel and , dropped 2.083 million barrels in the week against expectations for a build of 971,000 barrels, the EIA data showed.

were 7,000 barrels. The weekly rose 1%, according to the EIA report.

inventories rose 309,000 barrels last week the EIA said, compared with expectations for a 786,000-barrel build.


Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


READ  Tesco UK's bakeries shake-up threatens 1,816 jobs


Please enter your comment!
Please enter your name here