US crude oil inventories fall 1.74%, hitting lowest since 2018
US crude oil stocks dropped by 1.74%, or 7.17 million barrels, reaching their lowest level since September 2018, according to the EIA.
Key Takeaways
AIThe US Energy Information Administration has reported a decline in US crude oil inventories.
In updated data, the agency said US crude stocks fell by 1.74%, equivalent to 7.17 million barrels, according to Asharq.
The EIA added that US crude inventories have dropped to their lowest level since September 2018.
Meanwhile, oil prices continue to climb, with Brent crude surging 7.33% to over $90 per barrel.