Energy Preview: US crude oil inventories down by 6.1 million barrel, reports EIA
Mumbai, June 25 -- Crude oil inventories in the United States decreased by 6.1 million barrels during the week ending June 19, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 412.1 million barrels, according to government data, which is now 7% below the five-year average for this time of year. The EIA's data release follows API's figures that were released a day earlier, which reported that crude oil inventories saw a draw of 765,000 barrels in the period. For total motor gasoline, the EIA reported that inventories had increased by 2.1 million barrels, compared to the week prior's 900,000 barrel dip. The most recent figures showed that average da...
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