EIA Reports 0.9 Million Barrel Decrease in Weekly Crude Oil Inventories
The U.S. Energy Information Administration (EIA) reported that commercial crude oil inventories, excluding the Strategic Petroleum Reserve, fell by 0.9 million barrels for the week ending October 30. This reduction follows a larger decline of 1.9 million barrels in the previous week. The inventory drawdown was less significant than market analysts had anticipated, with consensus estimates forecasting a much steeper drop of 1.7 million barrels. Additionally, gasoline inventories saw a slight decrease of 0.2 million barrels during the same period.
Topics: crude oil EIA data gasoline inventory
Read the full article at Seeking Alpha
Part of the story U.S. Commercial Crude Oil Inventories Decrease by 5.3 Million Barrels (3 articles)