Commercial crude oil stocks excluding the Strategic Petroleum Reserve fell by 1.2 million barrels to 415.6 million barrels in the week ended Dec. 27 and were about 5% below the five-year average for the time of year, the EIA said.
Analysts surveyed by The Wall Street Journal had predicted crude stockpiles would fall by 2.4 million barrels.
This story is from the January 03, 2025 edition of The Wall Street Journal.
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This story is from the January 03, 2025 edition of The Wall Street Journal.
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