Oil Prices Eye Gasoline Inventory Draws, Ignore Crude Build ...Middle East

Crude oil inventories in the United States unexpectedly rose this week by 1.319 million barrels, the American Petroleum Institute (API) data showed on Tuesday after decreasing by 797,000 barrels in the week prior. Analysts were expecting a draw of 1.969 million barrels in U.S. crude-oil inventories. The total number of barrels of crude oil gained so far this year is more than 35 million barrels, according to API data, although the net draw in crude inventories since April is just under 12 million barrels. On Monday, the Department of Energy (DoE)…

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