U.S. Crude Inventories Fall 9.1 Million Barrels, Nearly Three Times Larger Than Expected
The American Petroleum Institute estimated that U.S. crude oil inventories fell by 9.1 million barrels in the week ending May 15, according to a report. Analysts had forecast a draw of 3.4 million barrels, making the decline nearly three times larger than expected. The drop marks the second consecutive weekly decline after a 2.188 million barrel draw in the prior week. [4]
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