U.S. Oil and Gasoline Inventories Decline

By Anonymous

The weekly decline amount was precisely what analysts predicted for crude

U.S. inventories of both crude oil and gasoline declined for the week ended Sept. 14, according to data released Wednesday by the Energy Information Administration.

Benchmark U.S. oil prices, which had been trading higher Wednesday morning, extended their gains slightly after the report. The Nymex crude contract for October delivery was recently 0.8% higher at $70.15 a barrel.