Oil Stockpile Drops 427,000 Barrels, Less Than Expected: EIA By

© Reuters.

By Liz Moyer — U.S. oil stockpiles dropped by less than expected in the latest week, the Energy Information Administration said on Wednesday.

fell 427,000 barrels last week, compared with analysts’ expectations for a draw of 2.817 million barrels.

stockpiles, which include diesel and , fell 1.733 million barrels in the week against expectations for a draw of 1.080 million barrels, the EIA data showed.

were down 223,000 barrels. The fell 0.4%, according to the EIA report.

rose 378,000 barrels last week the EIA said, compared with expectations for a draw of 600,000 barrels.


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