The U.S.’ crude oil inventories decreased last week, according to data released by the Energy Information Administration (EIA) on Thursday.
Commercial crude oil inventories declined by 0.4 million barrels, or 0.1%, to 428.1 million barrels for the week ending Jan. 17, the EIA data showed. The market expectation was a decline of 1 million barrels. Inventories fell by 2.5 million barrels during the previous week.
Strategic petroleum reserves, which are not included in the commercial crude stocks, remained unchanged at 635 million barrels last week, the data revealed.
Gasoline inventories showed an increase of 1.7 million barrels, or 0.7%,