U.S. Crude Oil Inventories Decline Sharply
Commercial crude oil stockpiles fell by 7.2 million barrels in the week ended July 24, exceeding analyst expectations.
Business & Markets • 2 months ago
Commercial crude oil inventories in the United States decreased by 7.2 million barrels for the week ending July 24, reaching a total of 404.5 million barrels, according to data from the Energy Information Administration (EIA). This drawdown significantly surpassed the 600,000-barrel decrease that analysts surveyed by The Wall Street Journal had predicted.