Forex

US crude inventories fall over 7 million barrels

2020-08-05 15:56:56 GMT (Economies.com)

The US Energy Information Administration (EIA) showed today that the US crude inventories fell 7.4 million barrels to reach a total of 518.6 million barrels during the past week, beating forecasts of a drop by 4 million barrels.

 

The gasoline stockpiles rose 400,000 barrels to a total of 247.8 million, and distillate stockpiles rose 1.6 million barrels to a total of 180 million.

 

While the American Petroleum Institute (API) showed yesterday in preliminary data that inventories fell 8.6 million barrels during same period.

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