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U.S. Oil Inventories Dropped 1.86 Million Barrels Last Week: EIA By

By on March 9, 2022 0

© Reuters.

By Sam Boughedda – US oil inventories fell more than expected last week, the Energy Information Administration said on Wednesday.

fell 1.863 million barrels last week, as analysts expected a draw of 0.657 million barrels.

inventories, which include diesel and gas oil, fell 5.231 million barrels during the week against expectations of a drawdown of 1.914 million barrels, according to EIA data.

inventories fell 1.405 million barrels last week, the EIA said, compared to expectations for a drawdown of 2.105 million barrels.

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