3 Top Oil Stocks for Falling Crude-Oil Inventories

Every week, the world gets an update on the state of the U.S. oil market. While the U.S. is just a part of a global industry, it is an enormous part. That's why, without fail, traders, industry players, and policymakers wait with bated breath for the U.S. Energy Information Administration's Weekly Petroleum Status Report, which gives detailed updates on the supply of oil and its derivative products in the United States.

Last week's report contained a flurry of good news for oil bulls. U.S. crude imports averaged over 7.4 million barrels daily, up by 59,000 barrels daily from the previous week. However, over the past month, imports averaged 7.1 million barrels per day, 9.3% below the same four-week period a year ago. U.S. commercial crude-oil inventories, excluding those in the Strategic Petroleum Reserve, also fell once again, this time by 1.8 million barrels.

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Source: Fool.com