EIA: crude oil inventories to decline by 5.2 million barrels

FXStreet summary of the most important data of the U.S. Department of energy, EIA for the week ending 05. May 2017:

The processing of American crude oil was in the week ending 05. May at an average of 16.8 million barrels. This corresponds to 418.000 barrels less per day than the previous week.

The US’s Oil imports were on average 7.6 million barrels per day in the last week. This corresponds to a decline of 644.000 barrels per day in the previous week.

The US crude oil inventories (excluding the strategic Petroleum reserve) fell compared to the previous week by 5.2 million barrels.

** FXStreet News Editorial, FXStreet**

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