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Oil Stockpile Dropped 1.53 Million Barrels Last Week: EIA

Published 09/09/2021, 10:56 AM
Updated 09/09/2021, 11:04 AM
© Reuters.

Investing.com -- U.S. oil stockpiles fell by less than expected in the latest week, the Energy Information Administration said on Thursday.

Crude inventories fell 1.529 million barrels last week, compared with analysts' expectations for a draw of 4.612 million barrels. The weekly report was released a day later than usual because of the U.S. market holiday on Monday.

Distillate stockpiles, which include diesel and heating oil, fell 3.142 million barrels in the week against expectations for a draw of 2.617 million barrels, the EIA data showed.

Gasoline inventories dropped 7.215 million barrels last week the EIA said, compared with expectations for a draw of 3.390 million barrels.

 

Latest comments

believe it or notoil is going above 100
Doesn't llok good for demand since the gulf doesn't account for much crude production and inventory dodnt drop much
You have to actually look at the weekly dropps in our inventory’s for the entire year. A 1 week snap shot is not a good indicator.
it mean we should anticipate a weak oil price going forward??if am not mistaken ❕
No it means there'll be a high demand for oil and gas, that means prices should go up
Except not much demand otherwise inventory would have dropped more with loos of the golf crude going into inventory
Look at the gasoline inventory drop!
just for only investment that good.
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