EIA announces unexpected drop in US oil inventories

2020-01-23 20:10:32 GMT (Economies.com)

The US Energy Information Administration (EIA) showed today that the US crude inventories fell by 400K barrels to reach a total of 428.1 million barrels during past week, lower than forecasts of surge by 0.5 million.

 

The gasoline stockpiles rose by 1.7 million barrels to a total of 260 million barrels, and distillate stockpiles declined by 1.2 million barrels with a total of 146 million.

 

While the American Petroleum Institute (API) showed yesterday in preliminary data that the US commercial crude inventories rose by about 1.6 million barrels during same period.

 
 
 
  Symbol Last Change Chg.%
1.0971
0.0156
1.4397%
1.2877
-0.0071
0.5476%
Tadawul
7628.34
-82.78
1.07%
17.747
-0.747
4.037%
47.580
-5.753
10.787%
52.11
-1.38
2.58%
1639.200
-4.445
0.270%
 
 
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