- Analytics
- News and Tools
- Market News
- EIA’s report reveals smaller-than-expected draw in U.S. crude oil inventories
EIA’s report reveals smaller-than-expected draw in U.S. crude oil inventories
The
U.S. Energy Information Administration (EIA) reported on Thursday that crude
inventories declined by 1.529 million barrels in the week ended September 3,
following a drop of 7.169 million barrels in the previous week. Economists had
forecast a fall of 4.612 million barrels.
At
the same time, gasoline stocks plunged by 7.215 million barrels, while analysts
had expected a decrease of 3.390 million barrels. Distillate stocks tumbled
3.142 million barrels, while analysts had forecast a decline of 2.617 million
barrels.
Meanwhile,
oil production in the U.S. plummeted 1.500 million barrels a day to 10.000
million barrels a day.
U.S.
crude oil imports averaged 5.8 million barrels per day last week, decreased by
0.5 million barrels per day from the previous week. averaged 5.8 million barrels
per day last week, decreased by 0.5 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
