U.S. Crude Oil Inventories Tumble By 3.3 Million | Commodities
(RTTNews) – The Energy Information Administration launched a report on Wednesday exhibiting a notable lower by U.S. crude oil inventories within the week ended March twenty first.
The report mentioned crude oil inventories tumbled by 3.3 million barrels final week after climbing by 1.7 million barrels within the earlier week.
At 433.6 million barrels, U.S. crude oil inventories are about 5 p.c beneath the five-year average for this time of 12 months, the EIA mentioned.
The EIA mentioned gasoline inventories additionally fell by 1.4 million barrels final week however stay 2 p.c above the five-year average for this time of 12 months.
Distillate fuel inventories, which embody heating oil and diesel, additionally dipped by 0.4 million barrels final week and are about 7 p.c beneath the five-year average for this time of 12 months, the report mentioned.
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