Published July 07, 2016
Oil prices are falling on a government report that crude inventories are declining less than expected.
The Energy Information Administration said Thursday that inventories fell by 2.2 million barrels last week. S&P Global Platts had forecast a decline of 2.6 million barrels.
Benchmark U.S. crude is down $2.19, or 4.6 percent, to $45.24 a barrel in afternoon trading on the New York Mercantile Exchange. Brent crude, the international price, is down $2.18, or 4.5 percent, to $46.62.
https://www.foxnews.com/us/us-says-oil-inventories-declined-but-not-as-much-expected