U.S. commercial crude oil inventories decreased by 3,455 thousand barrels to 420,299 thousand barrels, APA-Economics reports.
This was stated in a report published by the Energy Information Administration (EIA) under the U.S. Department of Energy.
According to the data, analysts had previously forecast a decline of 2,000 barrels in U.S. commercial crude oil inventories.
Note that data on U.S. oil inventories has a significant impact on global “black gold” prices.