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GgoogleGB first seen 8 h ago, last 8 h ago, peak #4

US crude oil inventories drop 3.2 million barrels

Original: api us crude oil inventory drop

The EIA reports US crude oil inventories fell by 3.2 million barrels in its latest weekly data, while crude exports surged to 4.77 million barrels per day. The decline points to strong demand for American crude abroad, and traders are watching the tightening supply picture for clues on where oil prices head next.

Why now: Fresh weekly US inventory data just released is moving energy markets and oil price expectations.

US Energy Information AdministrationUnited States

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