US Crude Inventories Dip Slightly: EIA

U.S. crude stocks fell modestly last week, while gasoline stocks increased more than expected, the Energy Information Administration said on Dec. 28.

Crude inventories were down by 46,000 barrels (bbl) in the week to Dec. 21, compared with analysts’ expectations for a decrease of 2.9 million barrels (MMbbl).

Crude stocks at the Cushing, Oklahoma, delivery hub rose by 799,000 bbl, EIA said.