Oil Stockpiles Fall to 334.5 Million Barrels

Bloomberg reported that crude oil inventories fell from 4.43 million barrels to 334.5 million last week.

As quoted in the market news:

The government report may show stockpiles of crude oil fell 1 million barrels last week, according to the median of 13 responses in a Bloomberg News survey of analysts. Gasoline inventories probably gained 1 million barrels, the survey showed. Distillates were also expected to grow by 1 million.

Click here to read the full Bloomberg report.