Category: Forex News, News

WTI at $78 as U.S. stockpiles fall

By Published On: May 15, 20241.6 min readViews: 710 Comments on WTI at $78 as U.S. stockpiles fall
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Suriyapong Thongsawang | Moment | Getty Images

U.S. crude oil held firm on Wednesday after domestic stockpiles declined more than expected.

In the U.S., commercial crude oil inventories, which exclude the strategic petroleum reserve, fell by 2.5 million barrels last week, according to data released by the Energy Information Administration. This is compared to the 543,000 barrel draw expected in a Reuters poll of analysts.


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