English
US oil stocks fell more than expected
US oil stocks fell more than expected
US oil inventories fell by more than analysts' expectations during the past week, while gasoline stocks rose.
According to data issued by the US Energy Information Administration today, Wednesday, the twenty-third of November, inventories fell by about 3.7 million barrels in the week ending on the eighteenth of November, to 431.7 million barrels.
Analysts' expectations had indicated a decline in inventories by about 2.61 million barrels.
Meanwhile, gasoline inventories rose by 3.1 million barrels, at 211 million barrels.
Oil prices interacted with the issued data, and Brent crude deepened its losses by more than 4%.
Related Topics
Latest Technical Analysis
Latest Economic Analysis
Tuesday, May 16, 2023 - 23:36
Tuesday, April 25, 2023 - 15:59
Tuesday, April 18, 2023 - 22:22
Tuesday, April 04, 2023 - 17:13
Latest Education Articles
Wednesday, November 13, 2024 - 15:59
Thursday, September 05, 2024 - 10:33
Thursday, June 06, 2024 - 16:39
Friday, July 14, 2023 - 19:25
