EIA: US crude stocks down 5.2 million barrels

Mubasher: US crude oil inventories declined, contrary to expectations, givine a positive sign of a decrease in oil supply in the market.

The US oil stocks fell by 5.2 million barrels in the week that ended 14 October, according to the American Energy Information Administration (EIA), against a 4.9 million-barrel increase last week.

Mubasher Contribution Time: 20-Oct-2016 00:17 (GMT)
Mubasher Last Update Time: 20-Oct-2016 00:17 (GMT)