(RTTNews) – After reporting a steep drop by U.S. crude oil inventories within the earlier week, the Power Info Administration launched a report on Wednesday exhibiting crude oil inventories rebounded by way more than anticipated within the week ended October thirty first.
The EIA mentioned crude oil inventories jumped by 5.2 million barrels final week after plunging by 6.9 million barrels within the earlier week.
At 421.2 million barrels, U.S. crude oil inventories stay about 4 % beneath the five-year common for this time of yr, the EIA mentioned.
In the meantime, the report mentioned gasoline inventories tumbled by 4.7 million barrels final week and are about 5 % beneath the five-year common for this time of yr.
Distillate gasoline inventories, which embrace heating oil and diesel, additionally edged down by 0.6 million barrels final week and are about 9 % beneath the five-year common for this time of yr, the EIA mentioned.
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