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Crude Stockpile Fell 6.7 Million Barrels Last Week: EIA

CommoditiesJun 30, 2021 10:49AM ET
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Investing.com -- U.S. oil stockpiles declined more than expected in the latest week, the Energy Information Administration said on Wednesday.

Crude inventories dropped 6.718 million barrels last week, compared with analysts' expectations for a draw of 4.686 million barrels.

Distillate stockpiles, which include diesel and heating oil, fell 869,000 barrels in the week against expectations for a build of 486,000 barrels, the EIA data showed.

Refinery crude runs were 187,000 barrels. The weekly refinery utilization rate rose 0.7%, according to the EIA report.

Gasoline inventories rose 1.522 million barrels last week the EIA said, compared with expectations for a draw of 886,000 barrels.

 

Crude Stockpile Fell 6.7 Million Barrels Last Week: EIA
 

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Comments (13)
Asif Khan
Asif Khan Jul 01, 2021 1:00PM ET
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Hi everyone I need it but I don't know how can I earn money from this
Ernest Wong CA
Ernest Wong CA Jun 30, 2021 5:38PM ET
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Once again the gasoline stockpile builds yet the crude price still hikes... pretty non-sense
Prem Ghalan
Prem Ghalan Jun 30, 2021 12:27PM ET
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hi everyone i need this but how to do i don't have idea
Prem Ghalan
Prem Ghalan Jun 30, 2021 12:26PM ET
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hi everyone i need this but how to do i don't have idea
Sarbdanand Verma
Sarbdanand Verma Jun 30, 2021 11:57AM ET
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🐻 🍺 bearish
Alex rajan
alexrajan Jun 30, 2021 11:29AM ET
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down , because of gasoline build up
Velizar Nikolov
Velizar Nikolov Jun 30, 2021 11:25AM ET
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It means that the price is more likely to go up right?
Daniel Peate
Daniel Peate Jun 30, 2021 11:08AM ET
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Nice!
Zadi Raja
Zadi Raja Jun 30, 2021 11:08AM ET
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likee
Ali Jangi
Ali Jangi Jun 30, 2021 11:02AM ET
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likeeee
Win Htut
Win Htut Jun 30, 2021 10:57AM ET
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Norzin Izuan
Norzin Izuan Jun 30, 2021 10:55AM ET
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MOHD NIZAM JAMALUDIN
MOHD NIZAM JAMALUDIN Jun 30, 2021 10:54AM ET
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does this will drive the price up more
Philip Rollins
Philip Rollins Jun 30, 2021 10:54AM ET
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Honestly it dipped, but was expecting it to go up. Less supply but same demand? Hoping someone with more insight will explain to us.
 
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