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U.S. Oil Inventories Dropped by 4.5 Million Barrels Last Week: EIA

By Liz Moyer

Investing.com -- U.S. crude oil inventories fell by more than expected, according to the Energy Information Administration.

Crude oil inventories dropped by 4.523 million barrels against expectations for a draw of 1.037 million barrels. 

Distillate stocks rose more than expected, for a build of 0.784 million barrels. The expectation had been for a build of 0.5 million barrels.

Gasoline inventories dropped by 3.304 million barrels against expectations for a draw of 0.857 million barrels.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.