U.S. Crude Oil Inventories Unexpectedly Fall By | Commodities
(RTTNews) – The Energy Information Administration launched a report on Wednesday exhibiting an sudden lower by U.S. crude oil inventories within the week ended June sixth.
The report stated crude oil inventories fell by 3.6 million barrels final week after declining by 4.3 million barrels within the earlier week. Economists had anticipated crude oil inventories to inch up by 0.1 million barrels.
At 432.4 million barrels, U.S. crude oil inventories are about 8 % under the five-year average for this time of 12 months, the EIA stated.
Meanwhile, the EIA stated gasoline inventories elevated by 1.5 million barrels final week however stay about 2 % under the five-year average for this time of 12 months.
The report stated distillate fuel inventories, which embrace heating oil and diesel, additionally rose by 1.2 million barrels final week however stay about 17 % under the five-year average for this time of 12 months.
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