U.S. crude inventories fall by 3.2 million barrels to 532.5 million in the week to June 03
The U.S. Energy Information Administration (EIA) released its crude oil inventories data on Thursday. U.S. crude inventories fell by 3.2 million barrels to 532.5 million in the week to June 03.
Analysts had expected U.S. crude oil inventories to decline by 2.7 million barrels.
Gasoline inventories increased by 1.01 million barrels, according to the EIA.
Crude stocks at the Cushing, Oklahoma, slid by 1.36 million barrels.
U.S. crude oil imports decreased by 134,000 barrels per day.
Refineries in the U.S. were running at 90.9% of capacity, up from 89.8% the previous week.
Oil production rose to 8.745 million barrels a day last week from 8.735 million barrels a day in the previous week.