Crude Oil Inventories Continue To Fall: EIA ...Middle East

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Crude Oil Inventories Continue To Fall: EIA
source : OILPRICE ( Middle East ) () 16
Crude oil inventories in the United States decreased by 3.5 million barrels during the week ending January 30, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 420.3 million barrels according to government data, which is 4% below the five-year average for this time of year. Analysts had expected a 2 million barrel drop in inventory. The EIA’s data release follows API’s figures that were released a day earlier, which suggested that crude oil…

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