US oil inventories hit five-year low US commercial oil inventories fell by three million barrels last week to their lowest seasonal level in five years; crude oil and diesel each fell by two million barrels. Inventories of other products, mainly natural gas liquids, fell by three million barrels, but the increase of four million barrels in gasoline reserves kept downward pressure on prices.

US oil inventories hit five-year low US commercial oil inventories fell by three million barrels last week to their lowest seasonal level in five years; crude oil and diesel each fell by two million barrels. Inventories of other products, mainly natural gas liquids, fell by three million barrels, but the increase of four million barrels in gasoline reserves kept downward pressure on prices.