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Crude Slips After Report Shows Smaller-Than-Expected Supply Drop

Safi Bello

Bloomberg ------ Crude retreated after a government report showed U.S. stockpiles dropped by less than analysts projected. Crude inventories fell 930,000 barrels to 527.8 million last week, the Energy Information Administration reported Wednesday -- less than a third of the 3 million barrel decline forecast by analysts surveyed by Bloomberg. Refineries reduced crude processing for the first time in seven weeks. To learn more click on the picture below to read the article.

Crude Slips After Report Shows Smaller-Than-Expected Supply Drop - Read More from Bloomberg

 
 
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