http://signaloil.wpengine.com/wp-content/uploads/2015/10/Signal-Oil-logo-red-300x32.png 0 0 RSS FEED http://signaloil.wpengine.com/wp-content/uploads/2015/10/Signal-Oil-logo-red-300x32.png RSS FEED2018-09-13 04:49:242018-09-13 04:49:24EIA: US Crude Stockpiles Fall More Than Expected To Below 400 Million Barrels
EIA: US Crude Stockpiles Fall More Than Expected To Below 400 Million Barrels
U.S. crude oil inventories fell more than expected last week to below 400 million barrels, while gasoline and distillate inventories rose as refiners ramped up production, the Energy Information Administration (EIA) said Sept. 12.
Crude inventories fell 5.3 million barrels in the week to Sept. 7 to 396.2 million barrels, the lowest level since February 2015, and about 3% below the five-year average for this time of year, the EIA said. Analysts had forecast a decrease of 805,000 barrels.
U.S. Midwest crude oil inventories fell to 105.9 million barrels last week, the lowest weekly level since January 2015, EIA data showed.