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U.S. Oil Inventories Fell 3.4 Million Barrels Last Week: EIA

Commodities May 18, 2022 22:50
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© Reuters.

By Liz Moyer

Investing.com -- U.S. crude oil inventories fell more than expected last week, according to the Energy Information Administration.

Crude oil inventories fell 3.39 million barrels against expectations for a build of 1.38 million barrels.

Distillate stocks rose 1.23 million barrels. The expectation had been for a draw of 800,000 barrels.

Gasoline inventories fell 4.77 million barrels against expectations for a draw of 1.33 million barrels.

U.S. Oil Inventories Fell 3.4 Million Barrels Last Week: EIA
 

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