EIA Says US Crude Inventories Sink Further
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11 Articles
Trade reserves of crude oil in the US fell 3.1 million barrels, exceeding expectations, due to high activity in refineries.National production fell to its lowest level since January 2026, influenced by Hurricane Isaiah, while strategic extractions resumed.
EIA Says US Crude Inventories Sink Further
Crude oil inventories in the United States saw a decrease of 3.1 million barrels during the week ending October 16, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 412.5 million barrels, according to government data, which is now 3% below the five-year average for this time of year. The EIA’s data release follows API’s figures that were released a day…
Oil inventories in the United States fell by more than three million barrels last week. The extent of the decline is significantly higher than analysts had expected, who expected the decline to not even reach one million barrels. This was reported by the RTTNews, tradingeconomics and oilprice.com portals. Am...
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