U.S. Weekly EIA Strategic Petroleum Reserve Inventory Drop Hits the Largest Since July 2023

BlockBeatNews

BlockBeats message: On April 1, for the week ending March 27, the EIA crude oil inventories in the U.S. were 5.451 million barrels, with expectations of 0.814 million barrels, versus a prior value of 6.926 million barrels. The EIA strategic petroleum reserves inventories in the U.S. for the week ending March 27 were -0.378 million barrels, versus a prior value of 0 million barrels.

For the week ending March 27, the EIA strategic petroleum reserves inventory decline recorded the largest drop since the week ending July 7, 2023. Excluding strategic reserves, commercial crude oil inventories were the highest since the week ending June 16, 2023. (Jin10)

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