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U.S. Oil Stockpiles Dropped 1.86 Million Barrels Last Week: EIA

Published 03/09/2022, 10:27 AM
Updated 03/09/2022, 10:32 AM
© Reuters.

By Sam Boughedda

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

Crude inventories dropped by 1.863m barrels last week, compared with analysts' expectations for a draw of 0.657 million barrels.

Distillate stockpiles, which include diesel and heating oil, fell by 5.231 million barrels in the week against expectations for a draw of 1.914 million barrels, the EIA data showed.

Gasoline inventories declined 1.405 million barrels last week, the EIA said, compared with expectations for a draw of 2.105 million barrels.

Latest comments

What no robot cars yet?
Russia Russia Russia. yea right
Expecting more bulls in the market
Biden : Yo oil puppets! Send me those barrel ,,, hey give discount!Arab puppet : ay ay chip ! tanker ahoy !! arrr arrrr
Well with JOE at the helm what's to worry about right? Roflmao.... gl with the Saudi's in charge
🍺🍺🍺 JP an JB are joy of money
we all knew this was coming🤣🤣🤣 biden & Powell won't let crude down as they want to sell their inventory at higher rates
😘
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