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U.S. Oil Stockpiles Dropped 876,000 Barrels Last Week: EIA

Published 31/03/2021, 15:23
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By Liz Moyer

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

Crude inventories fell 876,000 barrels last week, compared with analysts' expectations for a build of 107,000 barrels.

Distillate stockpiles, which include diesel and heating oil, rose 2.54 million barrels in the week against expectations for a build of 171,000 barrels, the EIA data showed.

Refinery crude runs were 522,000 barrels. The weekly refinery utilization rate was 2.3%, according to the EIA report.

Gasoline inventories declined 1.735 million barrels last week the EIA said, compared with expectations for a 730,000-barrel build.

 

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