Crude oil prices moved higher today after the Energy Information Administration reported an inventory draw of 9.6 million barrels for the week to June 23. This compared with an inventory decline of 3.8 million barrels for the previous week that, despite its relatively large size, failed to move prices much. In fuels, the EIA estimated modest inventory builds. Gasoline inventories added 600,000 barrels in the week to June 23, with production averaging 10.1 million barrels daily. This compared with a modest inventory build of half a million barrels…
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