EIA reports U.S. crude inventories fell by 391,000 barrels, less than expected
CommodityMacro
The U.S. Energy Information Administration (EIA) reported that U.S. crude inventories fell by 391,000 barrels last week, while analysts had expected a decline of 1.4 million barrels. Crude stocks in Cushing, Oklahoma, the delivery point for U.S. crude futures, fell by 684,000 barrels. Gasoline inventories rose by 1.3 million barrels last week, while analysts had expected a decline of 1.4 million barrels. Distillate inventories, which include heating oil and diesel, rose by 2.1 million barrels, while analysts had expected a decline of 700,000 barrels.
