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U.S. Oil Stockpiles Fell by 4.5 Million Barrels Last Week: EIA



© Reuters.

By Sam Boughedda

Investing.com — Investing.com — U.S. oil stockpiles fell more than expected in the latest week, the Energy Information Administration said on Wednesday.

Crude inventories dropped by 4.553 million barrels last week, compared with analyst expectations for a draw of 1.904 million barrels.

Distillate stockpiles, which include diesel and , increased by 2.537 million barrels in the week against expectations for a build of 1.757 million barrels, the EIA data showed.

Gasoline inventories rose by 7.961 million barrels last week, the EIA said, compared with expectations for a build of 2.408 million barrels.

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