US Crude Oil Inventories fell 6.5 million barrels

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Wednesday, Aug 09 2017

US Crude Oil Inventories fell 6.5 million barrels

U.S. crude inventories USOILC=ECI fell 6.5 million barrels last week, government data showed, steeper than the expected decrease of 2.7 million barrels. Refiners processed nearly 17.6 million barrels of crude, surpassing a record set in May and the most for any week since the U.S. Department of Energy started keeping data in 1982.

The data showed gasoline stocks USOILG=ECI, rose by 3.4 million barrels, confounding expectations in a Reuters poll for a drop of 1.5 million barrels. Gasoline futures RBc1 fell about 1 percent to the lowest in nearly two weeks.

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