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NEWSLETTEROIL & GAS

U.S. crude Stockpiles Dips by 9.6 Million bpd – Report

U.S. crude oil stockpiles last week fell by 9.6 million barrels to 439.5 million barrels, the biggest decline since July 2018, data from the Energy Information Administration showed on Wednesday.

The U.S. four-week average commercial crude oil imports last week fell by 148,000 barrels per day (bpd) to 6.6 million bpd, the lowest since March 1996, the data showed.

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