Breaking: Oil Inventories Fell 405K Last Week : EIA

Jan 23, 2020

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The U.S. stockpile of crude oil supplies fell less than expected last week, the Energy Information Administration said Thursday.

Oil inventories fell by 405,000, the EIA said. Traders were looking for a decline of about 1 million barrels for oil inventories, according to forecasts compiled by .

Gasoline inventories rose by 1.75 million barrles, versus forecasts for a a rise of about 1 million barrels. Distillate stockpiles dropped by about 1.2 million barrels, versus expectations for a build of 3 million barrels.

Crude Oil WTI Futures were down 2.6%. They were down more than 3% before the numbers came out.

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