EIA: US Crude Oil Inventories Crashing, But Holding Above Average

Crude oil inventories in the United States decreased by 6. 2 million barrels during the week ending April 24, according to new data from the U. S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 459.

5 million barrels according to government data, which is still 1% above the five-year average for this time of year, despite a flurry of weekly losses.