The U.S. Energy Information Administration (EIA) informed on Wednesday
that crude inventories declined by
1.630 million barrels in the week
ended September 13, following an increase of 0.833 million barrels in the
previous week. Economists had predicted
a slip of 0.100 million barrels.
At the same
time, gasoline stocks edged up 0.069 million barrels. Analysts had forecast a build
of 0.610 million barrels. The previous week posted a surge of 2.310 million
barrels.
Elsewhere,
distillate stocks rose by 0.125 million barrels. Analysts had anticipated an
advance of 0.4000 million barrels. The previous week registered a jump of 2.308
million barrels.
Meanwhile, oil
production in the U.S. decreased by 100,000 barrels a day to 13.200 million
barrels per day.
U.S. crude oil
imports averaged 6.3 million barrels per day last week,
logging a drop of 545,000 barrels per day from the week before.