Oil Prices Unmoved By Small Crude Draw ...Middle East

Crude oil from the nation's Strategic Petroleum Reserves may be headed into commercial inventories, but the American Petroleum Institute (API) still reported a draw this week for crude oil of 1.181 million barrels, while analysts predicted a draw of 67,000 barrels. The draw comes even as the Department of Energy released 5.4 million barrels from the Strategic Petroleum Reserves in Week Ending May 27. U.S. crude inventories have shed some 76 million barrels since the start of 2021 and about 19 million barrels since the start of 2020, according to…

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