A sudden drop in US oil stocks

News
Wednesday, September 28, 2022 - 17:34
Point Trader Group

The data of the US Energy Information Administration revealed today, the twenty-eighth of September, that oil inventories in the United States fell slightly last week.

According to the data, crude stocks fell by 0.2 million barrels to 430.6 million barrels last week, which are levels less than 2% from their 5-year average.

Analysts' expectations had indicated a rise of about two million barrels.

The US production of crude declined by 100,000 barrels per day on a weekly basis, recording 12 million barrels per day.

Gasoline stocks fell to the lowest level since November, by about 2.4 million barrels.


Related Topics

REQUEST A CALL BACK

We Are Always Ready To Help You

YOU CAN TRUST POINT

For Free Expert Financial Advice