Oil Stockpiles Fell 3.8 Million Barrels: EIA


© Reuters.

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.

 

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