EIA announces unexpected drop in US oil inventories
Economies.com
2020-01-23 16:25PM UTC
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.
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