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US crude inventories fall nearly 3.5 million barrels
The Energy Information Administration reported today that the US crude inventories fell 3.5 million barrels to 414 million barrels during the past week, while analysts forecast a drop by 3.8 million barrels.
Gasoline stocks rose 3.5 million barrels to 221.6 million barrels, and the distillate stocks fell 2.6 million barrels to 129.3 million barrels.
While the American Petroleum Institute reported yesterday in preliminary data that the US crude inventories fell 6.1 million barrels during the same period.
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