BREAKING: US Crude Oil Stocks Fall Unexpectedly

Crude inventories in the US decreased  by 2.077 million barrels in the week ended May 29th 2020, following an 7.928 million increase in the previous week and compared with analysts’ estimates of a 3.0 million advance, according to the EIA Petroleum Status Report.

 

Gasoline inventories rose by about 2.795 million, while analysts expected a rise of about 1.0 million barrels. Distillate stockpiles rose by 9.934 million barrels, well above market expectations of about 2.9 million barrels.

WTI Crude Oil (OIL.WTI) - publication of today's report did not have a significant impact on the oil prices. Source: xStation5

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