By Liz Moyer
Investing.com — U.S. oil stockpiles dropped by more than expected in the latest week, the Energy Information Administration said on Wednesday.
fell 7.355 million barrels last week, compared with analysts’ expectations for a draw of 3.29 million barrels.
stockpiles, which include diesel and , fell 1.023 million barrels in the week against expectations for a build of 186,000 barrels, the EIA data showed.
were 412,000 barrels. The weekly rose 1.3% , according to the EIA report.
inventories rose 1.954 million barrels last week the EIA said, compared with expectations for a draw of 614,000 barrels.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.