Data from the American Energy Information Agency (EIA) showed on Wednesday (4), that u.S. commercial oil reserves fell last week. The information caused surprise in analysts.
According to the EIA, oil reserves were at 484.94 million barrels (mb) on October 30, up from 492.4 mb on October 23, revealing a fall of 8 million barrels. Analysts had expected an increase of more than 500,000 barrels.
Gasoline reserves increased by 1.5 mb, against an expected drop of 800,000 barrels, and inventories of distillate products fell 1.6 mb, slightly less than the 2 mb drop expected by analysts polled by Bloomberg.