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Finwire

US crude oil inventories (DOE) fell more than expected last week

US crude oil inventories, excluding strategic reserves, fell by 8.6 million barrels last week. According to LSEG, the market expected a decline of 0.3 million barrels. The previous week’s reading was -3.2.

Gasoline inventories increased by 3.5 million barrels. The market expected a decline of 0.8 million barrels. The previous week’s reading was 0.4.

Distillate inventories fell by 2.5 million barrels. The market expected a decline of 1.6 million barrels. The previous week’s reading was -0.04.

The statistics are published by the US Department of Energy, DOE.

USv41Consensusv40DOE crude oil inventories, change-8.6-0.3-3.2DOE gasoline inventories, change3.5-0.80.4DOE distillate inventories, change-2.5-1.6-0.04Consensus data from LSEG

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