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Oil Stockpiles Dropped 7.35 Million Barrels Last Week: EIA

CommoditiesJun 16, 2021 15:34
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© Reuters.

By Liz Moyer

Investing.com -- U.S. oil stockpiles dropped by more than expected in the latest week, the Energy Information Administration said on Wednesday.

Crude oil inventories fell 7.355 million barrels last week, compared with analysts' expectations for a draw of 3.29 million barrels.

Distillate stockpiles, which include diesel and heating oil, fell 1.023 million barrels in the week against expectations for a build of 186,000 barrels, the EIA data showed.

Refinery crude runs were 412,000 barrels. The weekly refinery utilization rate rose 1.3% , according to the EIA report.

Gasoline inventories rose 1.954 million barrels last week the EIA said, compared with expectations for a draw of 614,000 barrels.

 

Oil Stockpiles Dropped 7.35 Million Barrels Last Week: EIA
 

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pivot shares
pivot shares Jun 16, 2021 15:47
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is that indicates much demand
 
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