Crude inventories in the US dropped by 0.754 million barrels in the week ended November 20th, following an 0.768 million increase in the previous week and compared with analysts’ estimates of a 0.234 million rise, according to the EIA Petroleum Status Report.
Cushing Crude Oil inventories dropped by 1.72 million barrels, following a 1.2 million barrels increase from last week.
Gasoline inventories rose by 2.18 million barrels, following a 2.611 million increase in the prior period and above analysts’ expectations of 0.614 million barrels rise.
The publication of today's report did not have a significant impact on the oil prices. WTI Oil (OIL.WTI) continues to trade around the $45,30 level. Source: xStation5
