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U.S. Oil Stockpiles Fell By 2.1 Million Barrels Last Week: EIA

Published 01/05/2022, 11:38 PM
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By Sam Boughedda

Investing.com -- U.S. oil stockpiles fell by less than expected last week, the Energy Information Administration said on Wednesday.

Crude inventories fell by 2.114 million barrels last week, compared with analysts' expectations for a draw of 3.283 million barrels.

Distillate stockpiles, which include diesel and heating oil, rose by 4.418 million barrels in the week against expectations for a build of 1.525 million barrels, the EIA data showed.

Gasoline inventories jumped by 10.128 million barrels last week, the EIA said, compared with expectations for a build of 1.775 million barrels.

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