Investing.com investing.com 06 Jan, 2021 16:15 am

Oil Stockpiles Fell 8 Million Barrels Last Week

Oil Stockpiles Fell 8 Million Barrels Last Week
Oil Stockpiles Fell 8 Million Barrels Last Week: EIA

Crude inventories fell 8 million barrels, against a forecast for a 2.But that changed quickly on Tuesday, after Saudi Arabia announced it would cut 1 million barrels a day from production in February and March, sending crude futures and Brent crude prices 5% higher.5 million barrels, well above the expected build of 1.5 million barrels.

4 million barrels, more than the expected 2.63 million barrels per day.

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