EIA: US crude oil stocks unexpectedly decline
by ChemOrbis Editorial Team - content@chemorbis.com
According to the Weekly Petroleum Status Report published by the US Energy Information Administration (EIA) on March 13, commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.5 million barrels from the previous week to 447 million barrels for the week ending March 8.
Crude oil inventories declined for the first time in seven weeks.
Data showed that the US crude oil inventories are 3% below the five-year average for this time of year.
Crude oil inventories declined for the first time in seven weeks.
Data showed that the US crude oil inventories are 3% below the five-year average for this time of year.
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