Decrease in oil reserves in the US exceeded the forecasts for the week – EIA

(Reuters) – US oil inventories fell by 3.62 million barrels to 434.51 million barrels last week, the Energy Information Administration (EIA) reported yesterday.

According to the EIA, gasoline stocks rose by 0.53 million barrels to 234.43 million barrels, and distillate stocks increased by 0.63 million barrels to 114.63 million barrels.

Analysts had expected oil reserves to drop by 0.53 million barrels, while gasoline and distillate stocks would decrease by 1.4 million barrels and 1.3 million barrels, respectively.