Oil Jumps After EIA Confirms Significant Crude Draw ...Middle East

Crude oil prices inched higher today, after the U.S. Energy Information Administration reported an inventory decline of 5.4 million barrels for the week to November 11. This compares with an inventory build of 3.9 million barrels for the previous week, which pushed prices lower last week. In fuels, the EIA reported inventory builds. Gasoline inventories added 2.2 million barrels over the week to November 11, with production averaging 9.8 million barrels per day, up slightly on the week. This compared with an inventory draw of 900,000 barrels for…

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