US oil reserves dropped significantly last week

The drop was bigger than economists had expected.

Stocks of gasoline also fell last week. | Photo: Agustin Marcarian/Reuters/Ritzau Scanpix

AF MARKETWIRE

US crude oil reserves fell by 12.2 million barrels in the past week, according to a statement from the US Department of Energy on Wednesday afternoon.

This was a larger drop than what economists had expected, as they had expected a drop of 0.4 million barrels, according to Bloomberg.

For gasoline stocks, there was a decrease of 2.2 million barrels. Here, a minus of 0.6 million barrels was expected.

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