Investing.com - The American Petroleum Institute said late Tuesday that crude oil stocks fell by a surprise 3.8 million barrels last week, following a 2.7 million build the previous week, the first for four weeks.
The draw defied expectations for another build and comes ahead of official data from the U.S. Department of Energy later on Wednesday.
There was a sharp draw in Cushing stocks of 1.96 million barrels, likely caused by a maintenance shutdown of a key pipeline into the storage facility. Gasoline inventories rose 900,000 barrels and distillates showed a second straight drop, falling 2.3 million barrels.
Add a Comment
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.