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U.S. Oil Inventories Fell by 3.3 Million Barrels Last Week: EIA

Published 08/31/2022, 09:51 AM
Updated 08/31/2022, 10:32 AM
© Reuters.

By Liz Moyer

Investing.com -- U.S. crude oil inventories dropped by more than expected last week, according to the Energy Information Administration.

Crude oil inventories dropped by 3.326 million barrels against expectations for a draw of 1.483 million barrels.

Distillate stocks rose by 0.111 million barrels. The expectation had been for a draw of 0.96 million barrels.

Gasoline inventories dropped by 1.172 million barrels against expectations for a draw of 1.178 million barrels.

Latest comments

Is the sanctions affecting Russia market at all?
At heating season it can jump!
I think in a couple weeks , its gonna be high demand for oil. Better buy some.
Still high demand before winter!!
Bullish AF
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