Crude inventories in the US dropped by 3.52 million barrels in the week ended April 2nd, following an 0.876 million decrease in the previous week and compared with analysts’ estimates of a 1.436 million decrease, according to the EIA Petroleum Status Report.
Cushing Crude Oil inventories dropped 0.735 million barrels, following a 0.782 million barrels increase from last week.
Gasoline inventories rose by 4.044 about million barrels, following a 1.735 million barrels decline in the prior period and above analysts’ expectations of 0.221 million barrels decrease.
US distillate inventories fell to 1.452 million barrels after increasing 2. 542 million barrels in the previous week.
The publication of today's report did not have a significant impact on the oil prices. WTI Oil (OIL.WTI) continues to trade around the $59,00 level. Source: xStation5
