U.S. oil inventories fall in latest week, DoE saysStaff writer ▼ | February 25, 2016
U.S. oil inventories registered another sharp increase in the latest week, but accompanied by equally large drawdowns in those for oil-products.
U.S. oil industry Commercial stockpiles of crude oil grew by 3.5m barrels
However, total gasoline inventories fell by 2.2m barrels while those of distillate fuel and propane/propylene declined by 1.7m and 3.7m, respectively.
Imports of crude oil decreased by 117,000 barrels per day from the previous week, the EIA said in a statement. ■