• EIA’s report reveals much-bigger-than-forecast drop in U.S. crude oil inventories

Notícias do Mercado

6 janeiro 2021

EIA’s report reveals much-bigger-than-forecast drop in U.S. crude oil inventories

The U.S. Energy Information Administration (EIA) revealed on Wednesday that crude inventories plunged by 8.010 million barrels in the week ended January 1. Economists had forecast a decline of 2.133 million barrels.

At the same time, gasoline stocks surged by 4.519 million barrels, while analysts had expected a build of 1.525 million barrels. Distillate stocks climbed by 6.390 million barrels, while analysts had forecast a jump of 2309 million barrels.

Meanwhile, oil production in the U.S. remained unchanged at 11.000 million barrels a day.

U.S. crude oil imports averaged 5.4 million barrels per day last week, up by 43,000 barrels per day from the previous week.

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