biedex.com — Oil stockpiles fell more than expected last week, according to the Energy Information Administration.
declined 3.8 million barrels. Analysts tracked by biedex.com had expected a decline of 2.8 million barrels after an increase of 500,000 the prior week.
Hurricane Delta forced production shut downs along the Gulf Coast last week. , the U.S. oil benchmark, fell about 3% in early trading on Thursday.
Oil stored at , Oklahoma, increased 2.9 million barrels compared to expectations for a build of 3.9 million barrels.