EIA crude oil stocks fall 0.91 million barrels versus expected extraction of 1,237 million barrels

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Commercial crude inventories in the United States fell 0.910 million barrels in the week ended November 26, a weekly report published by the United States Energy Information Administration (EIA). This was less than the expected draw of 1,273 million barrels.

Distillate stocks registered a larger than expected increase of 2.16 million barrels (the forecast was 0.462 million barrels). Gasoline inventories also registered a higher-than-expected accumulation of 4,029 million barrels (forecasts were for an accumulation of 0.029 million barrels).

Market reaction

WTI fell slightly on the back of the bearish inventory numbers, and is now trading just above $ 68.00 versus levels prior to the data above $ 68.50.

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