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US crude oil inventories fall by 4.6 million barrels in one week

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U.S. crude oil inventories fell more than expected last week as U.S. refiners continued to increase their capacity utilization following the fall maintenance season, according to data released Wednesday by the Energy Information Administration. UNITED STATES.

Commercial crude oil inventories, excluding Strategic Petroleum Reserve, fell by 4.6 million barrels in the week ended December 1, to 445 million barrels, and were about 1% below their five-year average for time of year, the EIA said. It was the first stock drawdown in seven weeks.

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