(Finance) – Crude oil inventories in the USA have fallen more than expected in the last week. The EIA, the division of the US Department of Energy, reported that crude oil stocks, in the last seven days to December 20, 2024, fell by approximately 4.2 million barrels to 416.8 MBG, against expectations for a decrease of 0.7 million.
Distillate stocks recorded a decrease of 1.7 million, reaching 116.5 MBG, against expectations for a change of -0.7 million, while gasoline stocks recorded an increase of 1.63 million to 223 .7 MBG (a decrease of 1 million was expected).
Strategic oil reserves increased by 0.3 million to 393.3 MBG.