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Breaking: Oil Inventories Fell 405K Last Week : EIA

Published 23/01/2020, 16:07
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Investing.com - The U.S. stockpile of crude oil supplies fell less than expected last week, the Energy Information Administration said Thursday.

  • Oil inventories fell by 405,000, the EIA said. Traders were looking for a decline of about 1 million barrels for oil inventories, according to forecasts compiled by Investing.com.

  • Gasoline inventories rose by 1.75 million barrles, versus forecasts for a a rise of about 1 million barrels. Distillate stockpiles dropped by about 1.2 million barrels, versus expectations for a build of 3 million barrels.

  • Crude Oil WTI Futures were down 2.6%. They were down more than 3% before the numbers came out.

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