US Economic News

U.S. Crude Oil Inventories Unexpectedly Decrease By 2.8 Million Barrels

Crude oil inventories in the U.S. unexpectedly decreased in the week ended May 23rd, according to a report released by the Energy Information Administration on Thursday.

The EIA said crude oil inventories fell by 2.8 million barrels last week after climbing by 1.3 million barrels in the previous week. Economists had expected crude oil inventories to rise by 1.0 million barrels.

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by RTTNews Staff Writer

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