US crude stockpiles soar amid SPR release gasoline draws down on strong demand EIA

HOUSTON, May 17 (Reuters) – U.S. commercial crude oil stockpiles soared unexpectedly last week due to another release from the Strategic Petroleum Reserve, while gasoline inventories dropped as demand soared to its highest since 2021, the Energy Information Administration said on Wednesday. Crude inventories (USOILC=ECI) rose by 5 million barrels…Read More