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U.S. Oil Inventories Fell by 3.3 Million Barrels Last Week: EIA

Commodities Aug 31, 2022 10:32AM ET
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© Reuters.

By Liz Moyer

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

Crude oil inventories dropped by 3.326 million barrels against expectations for a draw of 1.483 million barrels.

Distillate stocks rose by 0.111 million barrels. The expectation had been for a draw of 0.96 million barrels.

Gasoline inventories dropped by 1.172 million barrels against expectations for a draw of 1.178 million barrels.

U.S. Oil Inventories Fell by 3.3 Million Barrels Last Week: EIA
 

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Comments (5)
Shamo Nestor
Shamo Nestor Aug 31, 2022 11:15AM ET
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Is the sanctions affecting Russia market at all?
Yura Granovskiy
Yura Granovskiy Aug 31, 2022 11:02AM ET
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At heating season it can jump!
Surf Photography
Surf Photography Aug 31, 2022 10:43AM ET
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I think in a couple weeks , its gonna be high demand for oil. Better buy some.
Le Mt
Le Mt Aug 31, 2022 10:43AM ET
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Still high demand before winter!!
John Berry
John Berry Aug 31, 2022 10:39AM ET
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Bullish AF
 
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