U.S. Crude Oil Inventories Fall Less Than Expected

U.S. crude oil inventories fell in the week ended May 22, according to the Energy Information Administration, but the decline was smaller than expected. The report is a routine inventory update and is likely to have only limited immediate market impact.

Analysis

U.S. crude oil inventories fell in the week ended May 22, according to the Energy Information Administration, but the decline was smaller than expected. The report is a routine inventory update and is likely to have only limited immediate market impact.