U.S. crude oil supplies should rebound from the surprise drop of last week as imports return to normal after a three-day outage at the country's largest crude import terminal, analysts said Thursday.
U.S. crude oil futures jumped $2.05 to $61.40 per barrel Wednesday after a government report showed domestic crude stocks unexpectedly fell by 3.3 million barrels in the week ending Oct. 20.
The Energy Information Administration said crude oil imports dropped by 930,000 barrels per day. Shipments to the U.S. Gulf Coast fell to their lowest level since October 2005, when many area refineries were shut due to hurricane damange.
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US Crude Oil Supplies Bounced Back
U.S. crude oil supplies should rebound from the surprise drop of last week as imports return to normal
