Crude oil inventories in the United rose this week by 3.69 million barrels, the American Petroleum Institute (API) data showed on Tuesday, with analysts expecting a 1.3 million barrel draw. The total number of barrels of crude oil gained so far this year is still nearly 42 million barrels. This week, SPR inventory dropped for the seventh week in a row as another 2.4 million barrels of congressionally mandated crude oil was sold during the week ending May 12. There are now 359.6 million barrels—the lowest amount of crude oil in the SPR…
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