- Analytics
- News and Tools
- Market News
- EIA’s report reveals bigger-than-expected decline in U.S. crude oil inventories
EIA’s report reveals bigger-than-expected decline in U.S. crude oil inventories
The
U.S. Energy Information Administration (EIA) revealed on Wednesday that crude
inventories tumbled by 5.241 million barrels in the week ended June 4,
following a plunge of 5.080 million barrels in the previous week. Economists
had forecast a drop of 2.036 million barrels.
At the same time, gasoline stocks surged by 7.046 million barrels, while analysts had expected a build of 0.698 million barrels. Distillate stocks rose by 4.412 million barrels, while analysts had forecast an advance of 1.358 million barrels.
Meanwhile,
oil production in the U.S. increased by 200,000 barrels a day to 11,000 million
barrels a day.
U.S.
crude oil imports averaged 6.6 million barrels per day last week, increased by
1.0 million 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
