The U.S. Energy
Information Administration (EIA) revealed on Wednesday that crude inventories
declined by 3.116 million barrels in the week ended July 12. Economists had
forecast a fall of 3.000 million barrels.
At the same time, gasoline stocks increased by 3.565 million barrels, while analysts had expected a drop of 2.400 million barrels. Distillate stocks surged by 5.686 million barrels, while analysts had forecast a decline of 1.000 million barrels.
Meanwhile, oil production in the U.S. decreased by 300,000 barrels a day to 12.000 million barrels a day.
U.S. crude oil imports averaged 6.8 million barrels per day last week, down by 470,000 barrels per day from the previous week.
|remaining time till the new event being published|
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.