US crude oil inventories decline
Economy
- 22-06-2023, 21:21
Baghdad-INA
The US Energy Information Administration announced, today, Thursday, that crude oil stocks in the United States recorded a sudden decline last week, due to strong export demand and a decline in imports, while gasoline and distillate stocks rose.
The administration reported that crude oil inventories fell 3.8 million barrels to 463.3 million barrels in the week ending June 16.
Analysts had expected a rise of 300 thousand barrels in a poll conducted by Reuters.
The administration said oil inventories at the delivery center in Cushing, Oklahoma, fell by 98,000 barrels last week.
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