- Analytics
- News and Tools
- Market News
- EIA’s report reveals much bigger-than-expected drop in U.S. crude oil inventories
EIA’s report reveals much bigger-than-expected drop in U.S. crude oil inventories
The U.S. Energy
Information Administration (EIA) revealed on Wednesday that crude inventories
declined by 12.788 million barrels in the week ended June 21. Economists had
forecast a decrease of 2.873 million barrels. It was the biggest drop in crude inventories since the week ended September 2, 2016.
At the same
time, gasoline stocks decreased by 0.996 million barrels, while analysts had
expected they to be unchanged. Distillate stocks fell by 2.441 million barrels,
while analysts had forecast an advance of 0.100 million barrels.
Meanwhile, oil
production in the U.S. decreased by 100,000 barrels a day to 12.100 million
barrels a day.
U.S. crude oil
imports averaged 6.7 million barrels per day last week, down by 812,000 barrels
per day from the previous week.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
