Oil stocks in America fell more than expected

The US Energy Information Administration announced on Wednesday, a slight decline in the United States over the past week.
The administration stated that crude oil stocks declined by 5.1 million barrels during the week ending last November 29, which was less than the expectations of analysts who expected a decline by only one million barrels, after a decline of 1.8 million barrels in the previous week.

423.4 million barrels

With the significant decline, US reserves at the end of last week were 423.4 million barrels, approximately 5% less than the average inventory over the past five years at this time of the year.
The administration also stated that gasoline stocks rose by 2.4 million barrels last week, approximately 4% less than the average stock over the past five years.
The stock of refined oil, which includes heating oil and diesel, rose by 3.4 barrels, becoming approximately 5% less than its average over the past five years at this time of the year.