US Crude Inventories Decline

Crude oil inventories fell by 2.188 million barrels The decline in US crude oil inventories was reported for the week ending May 8. The decrease follows a prior week drop of 8.1 million barrels. Analysts had expected a smaller draw of 1.65 million barrels,

Crude oil inventories fell by 2.188 million barrels

The decline in US crude oil inventories was reported for the week ending May 8.

The decrease follows a prior week drop of 8.1 million barrels.

Analysts had expected a smaller draw of 1.65 million barrels, and US crude inventories are up 35 million barrels so far this year.

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