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Oil, EIA, gas inventories fell less than expected

Zachary Pearce by Zachary Pearce
September 9, 2021
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Oil, EIA, gas inventories fell less than expected
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(Teleborsa) – Less than expected the stocks of crude oil in the USA in the last week. The EIA, the division of the US Department of Energy, has confirmed that crude oil stocks, in the last seven days to September 3, 2021, are dropped by about 1.5 million to 423.9 MBG, against waited by a drop of 4.6 million.

The stocks of distillates instead they recorded a decrease of 3.1 million to 133.6 MBG, against expectations for a decline of 2.6 million, while inventories of gasoline they recorded a strong decline of 7.2 million at 220 MBG (a decrease of 3.4 million was expected).

Strategic oil reserves stand at 621.3 MBG.

Meanwhile, oil continues to trade subdued with Light Crude US which trades at 69.24 dollars a barrel (-0.09%) and the Brent at $ 72.47 (-0.18%).

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Tags: EIAexpectedfellfinancegasinventoriesOil
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