US crude oil stocks down 4.5M barrels last week as exports rose, imports fell -EIA
Investing.com - Crude stockpiles fell by 4.5 million barrels in the United States last week as exports accelerated from inroads made by US oil into overseas markets, while supply cuts by OPEC+ resulted in lower imports, a government report showed Wednesday.
Typically at this time of year, demand for fuels is softer in the United States as fewer families do trip roads, with children back in school or college. But with the refinery industry on seasonal maintenance, larger-than-usual declines in fuel stocks are also common with limited replenishments coming in.fell by 4.491M barrels during the week ended Oct. 13, according to the EIA. That contrasted with a 10.176M jump in the prior week to Oct. 6 led largely by a sharp decline in exports.
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