Financial News: U.S. Crude Oil Inventories Fall Much More Than

U.S. Crude Oil Inventories Fall Much More Than Expected

04/30/2025 - 10:36:00 (RTTNews)

(RTTNews) - A report released by the Energy Information Administration on Wednesday showed crude oil inventories in the U.S. fell by much more than expected in the week ended April 25th.

The EIA said crude oil inventories slid by 2.7 million barrels last week after inching up by 0.2 million barrels in the previous week. Economists had expected crude oil inventories to edge down by 0.6 million barrels.

At 440.4 million barrels, U.S. crude oil inventories are about 6 percent below the five-year average for this time of year, the EIA said.

The report also showed gasoline inventories slumped by 4.0 million barrels last week and are about 4 percent below the five-year average for this time of year.

Meanwhile, the EIA said distillate fuel inventories, which include heating oil and diesel, rose by 0.9 million barrels last week but remain about 13 percent below the five-year average for this time of year.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Slovakia GDP Growth Eases As Estimated (11 hr(s), 57 min(s), 29 sec(s) ago)
(RTTNews) - Slovakia's economic growth moderated as initally estimated in the first quarter of ...Full Story»

Czech Industrial Output Grows Most In Over 2 Years, Trade Surplus Grows Sharply (12 hr(s), 42 min(s), 29 sec(s) ago)
(RTTNews) - The Czech Republic's industrial production expanded at the fastest pace in just ov ...Full Story»

U.S. Job Growth Slightly Exceeds Estimates In May (13 hr(s), 29 min(s), 29 sec(s) ago)
(RTTNews) - Employment in the U.S. increased by slightly more than expected in the month of May, a ...Full Story»

Austrian GDP Recovers Slightly Less Than Estimated (13 hr(s), 34 min(s), 29 sec(s) ago)
(RTTNews) - Austria's economy logged a slight recovery in the first quarter, though at a slo ...Full Story»

U.S. Employment Jumps Slightly More Than Expected In May (14 hr(s), 37 min(s), 29 sec(s) ago)
(RTTNews) - Employment in the U.S. increased by slightly more than expected in the month of May, a ...Full Story»

France Industrial Output Falls 1.4% (14 hr(s), 44 min(s), 29 sec(s) ago)
(RTTNews) - France's industrial production declined for the first time in three months in Apri ...Full Story»

French Trade Gap Widens In April (15 hr(s), 48 min(s), 29 sec(s) ago)
(RTTNews) - France's trade deficit increased in April as exports fell faster than imports, dat ...Full Story»

Russia Central Bank Cuts Rate By 100 Bps (16 hr(s), 27 min(s), 29 sec(s) ago)
(RTTNews) - Russia's central bank slashed its benchmark rate unexpectedly by 100 basis points ...Full Story»