U.S. Crude Oil Stockpiles Fall More Than Expected

Core Insights - U.S. crude oil inventories experienced a larger-than-expected decline of 6.9 million barrels last week, indicating a tightening supply situation in the market [1] Industry Summary - The decline in inventories was attributed to a decrease in imports and an increase in exports, suggesting a shift in the supply-demand dynamics within the crude oil market [1]