: EIA reports weekly declines in U.S. crude, gasoline and distillate supplies
The Energy Information Administration on Wednesday reported that U.S. commercial crude inventories fell by 5.1 million barrels for the week ended April 21. On average, analysts forecast a decline of 2.3 million barrels, according to a survey by S&P Global Commodity Insights. The EIA report showed a weekly inventory decreases of 2.4 million barrels for gasoline and 600,000 barrels for distillates. The analyst survey had forecast supply declines of 180,000 barrels for gasoline and 1.2 million barrels for distillates. Crude stocks at the Cushing, Okla., Nymex delivery hub rose by 300,000 barrels for the week, the EIA said. June West Texas Intermediate crude CLM23 was down $1.39, or 1.8%, at $75.68 a barrel on the New York Mercantile Exchange. Prices traded at $75.98 before the supply data.
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