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US oil stocks fall more than market expectation
Energy
- 02 July, 2020
- 10:56
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According to data released by the country's Energy Information Administration (EIA) on Wednesday, the US' commercial crude oil stocks decreased more than the market expected last week, Report informs, citing foreign media.
Commercial crude oil inventories in the US fell by 7.19 million barrels to 533.33 million barrels for the week ending June 26, the data showed. The market expectation was a decrease of 0.5 million barrels.
Note that Brent crude price surged 0.1% to $42.07 a barrel, WTI crude was sold at $39.91, remaining unchanged.
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