Commodities Buzz: EIA Reports Drop In US Crude Stockpiles

28 Jul 2022 , 10:08 AM

US crude oil inventories fell by more than expected, according to the Energy Information Administration. Crude oil inventories dropped by 4.523 million barrels last week against expectations for a draw of 1.037 million barrels. Distillate stocks rose more than expected, for a build of 0.784 million barrels. Gasoline inventories dropped by 3.304 million barrels against expectations for a draw of 0.857 million barrels. Powered by Commodity Insights