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Oil Stockpile Dropped 1.53 Million Barrels Last Week: EIA

CommoditiesSep 09, 2021 11:04AM ET
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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.

 

Oil Stockpile Dropped 1.53 Million Barrels Last Week: EIA
 

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Comments (4)
Alen Len
Alen Len Sep 09, 2021 2:28PM ET
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believe it or notoil is going above 100
Me comment
Me comment Sep 09, 2021 11:53AM ET
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Doesn't llok good for demand since the gulf doesn't account for much crude production and inventory dodnt drop much
Robert Murphy
Robert Murphy Sep 09, 2021 11:53AM ET
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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.
Josh Enigma
Josh Enigma Sep 09, 2021 11:30AM ET
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it mean we should anticipate a weak oil price going forward??if am not mistaken ❕
Chinedu Enwelu
Chinedu Enwelu Sep 09, 2021 11:30AM ET
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No it means there'll be a high demand for oil and gas, that means prices should go up
Me comment
Me comment Sep 09, 2021 11:30AM ET
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Except not much demand otherwise inventory would have dropped more with loos of the golf crude going into inventory
Rodrigo Bicalho
Rodrigo Bicalho Sep 09, 2021 11:30AM ET
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Look at the gasoline inventory drop!
James Bright
James Bright Sep 09, 2021 11:24AM ET
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just for only investment that good.
 
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