U.S. Oil Inventories Fall by 7.3 Million Barrels

U.S. Oil Inventories Fall by 7.3 Million Barrels

Dec 06, 2018

Oil inventories in the U.S. fell by 7.3 million barrels in the latest week, the Energy Information Administration said Thursday.

The drawdown snapped a streak of builds and confounded expectations for drop of fewer than 1 million barrels.

Imports for the week ended Nov. 30 fell by 1.7 million barrels.

Crude oil prices were down 3.2%, paring losses after the numbers were released.

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