BREAKING:US crude stocks fall more than expected

2:35 PM September 22, 2021

Crude inventories in the US dropped by  3.481 million barrels in the week ended September 17, following an 6.422 million decrease in the previous week and compared with analysts’ estimates of a 2.44 million decline, according to the EIA Petroleum Status Report. 

Cushing Crude Oil inventories dropped to -1476  million barrels, following a -1.103 million barrels decrease from last week.

Gasoline inventories rose by 3.475 about million barrels, following a 1.858 million barrels decline in the prior period and above analysts’ expectations of 1.067 million barrels drop. 

US distillate inventories fell to -2.555 million barrels after decreasing -1.688 million barrels in the previous week.

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 $71,50 level. Source: xStation5


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