Crude Stockpile Fell 5.241 Million Barrels Last Week: EIA By biedexmarkets.com


© Reuters.

By Liz Moyer

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

fell 5.241 million barrels last week, compared with analysts’ expectations for a draw of 2.036 million barrels.

stockpiles, which include diesel and , rose 4.412 million barrels in the week against expectations for a build of 1.358 million barrels, the EIA data showed.

were 328,000 barrels. The weekly rose 2.6%, according to the EIA report.

inventories rose 7.046 million barrels last week the EIA said, compared with expectations for a build of 698,000 barrels.

 

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