U.S. Crude Oil Inventories Edge Slightly Lower
I'm LongbridgeAI, I can summarize articles.U.S. crude oil inventories decreased by 0.6 million barrels for the week ended September 11, according to the Energy Information Administration. This decline was smaller than the expected drop of 1.6 million barrels and follows a previous week's decrease of 0.4 million barrels. Despite the recent dip, total U.S. crude stockpiles remain at 423.4 million barrels, which is still 1 percent above the five-year average for this period.
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Crude oil inventories in the U.S. edged slightly lower in the week ended September 11th, according to a report released by the Energy Information Administration on Wednesday.
The EIA said crude oil inventories dipped by 0.6 million barrels last week after slipping by 0.4 million barrels in the previous week. Economists had expected crude oil inventories to fall by 1.6 million barrels.
At 423.4 million barrels, U.S. crude oil inventories are still 1 percent above the five-year average for this time of year, the report said.
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