U.S. Crude Oil Inventories Fall 7.863 Million Barrels in Week Ending May 15, Exceeding Expectations

GateNews
According to the U.S. Energy Information Administration (EIA), crude oil inventories fell 7.863 million barrels in the week ending May 15, significantly exceeding market expectations of a 2.942 million barrel decline. The previous week had seen inventories decline by 4.306 million barrels.
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