EIA: US crude inventory drawdown above forecasts
Economies.com
2018-05-16 14:39PM UTC
The Energy Information Administration released its report on US crude stocks, showing a drawdown of 1.4 million barrels in the week ending May 11, compared to a 2.2 million deficit in the previous week, while analysts expected a 1.1M drawdown, with total stocks now down to 432.4 million barrels.
Gasoline stocks fell 3.8 million barrels, while distillate stocks, including heating fuel, dipped 0.1 million barrels.
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