Commodities Buzz: EIA Crude oil inventories dip by 0.6 million barrels

Crude oil inventories in the United States saw a drop of 600,000 barrels during the week ending September 11, according to new data from the US Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 423.4 million barrels, according to government data, which are now 1% above with the five-year average for this time of year.Total products supplied?a proxy for US oil demand?averaged 20.5 million barrels per day over the last four weeks, down 0.6% compared to the same period last year.

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