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  • EIA’s report reveals a smaller-than-anticipated draw in U.S. weekly crude oil inventories
Ekonomické zprávy
08.12.2021

EIA’s report reveals a smaller-than-anticipated draw in U.S. weekly crude oil inventories

The U.S. Energy Information Administration (EIA) reported on Wednesday that crude inventories fell by 0.240 million barrels in the week ended December 3, following a draw of 0.910 million barrels in the prior week. Economists had forecast a decline of 1.705 million barrels.

At the same time, gasoline stocks surged by 3.882million barrels, while analysts had projected a build of 1.798 million barrels. The prior week showed a climb of 4.029 million barrels.

Elsewhere, distillate stocks jumped by 2.734 million barrels, while analysts had expected an advance of 1.571 million barrels. The prior week revealed a rise of 2.160 million barrels.

Meanwhile, oil production in the U.S. rose 100,000 barrels a day to 11.700 million barrels a day.

U.S. crude oil imports averaged 6.5 million barrels per day last week, down by 105,000 barrels per day from the prior week.

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