The U.S. Energy
Information Administration (EIA) revealed on Wednesday that crude inventories
decreased by 6.912 million barrels in the week ended September 6. Economists
had forecast a drop of 2.900 million barrels.
At the same
time, gasoline stocks reduced by 0.682 million barrels, while analysts had
expected a decline of 1.000 million barrels. Distillate stocks rose by 2.704
million barrels, while analysts had forecast a decrease of 0.900 million
barrels.
Meanwhile, oil
production in the U.S. was unchanged at 12.400 million barrels a day.
U.S. crude oil
imports averaged 6.7 million barrels per day last week, down by 180,000 barrels
per day from the previous week.