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U.S. Oil Inventories Fell 3.4 Million Barrels Last Week: EIA

Commodities May 18, 2022 10:36AM ET
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© Reuters.

By Liz Moyer

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

Crude oil inventories fell 3.39 million barrels against expectations for a build of 1.38 million barrels.

Distillate stocks rose 1.23 million barrels. The expectation had been for a draw of 800,000 barrels.

Gasoline inventories fell 4.77 million barrels against expectations for a draw of 1.33 million barrels.

U.S. Oil Inventories Fell 3.4 Million Barrels Last Week: EIA
 

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Comments (4)
Vincent Okiro
Vincent Okiro May 18, 2022 11:56AM ET
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Why Crude Oil dropping drastically this way.I am gonna lose a lot.Any explanations
Jonathan Perez
Jonathan Perez May 18, 2022 10:47AM ET
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why today brent oil is falling down aggressively. I've invested on it and lose a lot of money I'd like to know the reason. greets!
Jana Pandiya Raj A S
Jana Pandiya Raj A S May 18, 2022 10:47AM ET
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Maybe strong data on CAD. But you need to wait
Mamlondo P Masuku
Mamlondo P Masuku May 18, 2022 10:47AM ET
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- EURCAD will be a good pair to trade tomorrow's London session, be patient
Jonathan Perez
Jonathan Perez May 18, 2022 10:47AM ET
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why today brent oil is falling down aggressively. I've invested on it and lose a lot of money I'd like to know the reason. greets!
Bo Helldén
Bo Helldén May 18, 2022 10:47AM ET
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Patience!
Jonathan Perez
Jonathan Perez May 18, 2022 10:47AM ET
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why today brent oil is falling down aggressively. I've invested on it and lose a lot of money I'd like to know the reason. greets!
Mamlondo P Masuku
Mamlondo P Masuku May 18, 2022 10:47AM ET
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Patience pays in these markets - Watch CAD pairs.
 
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