Oil inventories in the US fell by 3.1 million barrels last week, more than analysts' expectations of a 2.7 million barrel decline. Gasoline stockpiles also dropped while distillate inventories rose slightly more than expected. The drawdown in crude stockpiles suggests still resilient demand despite ongoing trade tensions and concerns about the global economy.
Oil inventories in the US fell by 3.1 million barrels last week, more than analysts' expectations of a 2.7 million barrel decline. Gasoline stockpiles also dropped while distillate inventories rose slightly more than expected. The drawdown in crude stockpiles suggests still resilient demand despite ongoing trade tensions and concerns about the global economy.
Oil inventories in the US fell by 3.1 million barrels last week, more than analysts' expectations of a 2.7 million barrel decline. Gasoline stockpiles also dropped while distillate inventories rose slightly more than expected. The drawdown in crude stockpiles suggests still resilient demand despite ongoing trade tensions and concerns about the global economy.