Home » News » Oil inventories fall faster than expected in the United States

Oil inventories fall faster than expected in the United States

The US Energy Agency says the country’s commercial reserves fell by 1.9 million barrels from 1.25 initially expected.

Commercial crude oil reserves in the United States fell more than expected last week, according to figures released Wednesday by the US Energy Information Agency (EIA).

During the week ended March 4, crude inventories fell by 1.9 million net barrels, while analysts expected a drop of 1.25 million, to settle at 411.6 million.

>> More information to come on BFM Business in a few moments. Also watch live BFM Business on video and follow us on Twitter.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.