WASHINGTON (Dow Jones) – US crude oil inventories fell more than expected in the week ending September 17. It is down 3.481 million barrels from the previous week, according to the State Energy Information Administration (EIA). Analysts polled by “Dow Jones Newswires” expected a decrease of 2.4 million barrels. In the previous week, stocks fell by 6.422 million barrels.
In the data published the day before by the American Petroleum Institute (API), a decrease of 6.1 million barrels was also recorded.
According to the Energy Information Administration, gasoline stocks fell by 2.554 million barrels. Analysts had expected a loss of 1.0 million barrels after inventories fell by 1.857 million in the previous week. The data of the American Petroleum Institute had indicated a decrease of 0.432 million barrels.
US oil production reached 10.6 million barrels per day for the week, up 0.5 million from the previous week. Compared to the same period of the previous year, there was a decrease of 0.1 million barrels.
Website: http://www.eia.gov/pet oil/supply/weekly/
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(end) Dow Jones Newswires
September 22, 2021, 10:36 a.m. ET (14:36 GMT)
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