Oil Jumps On Surprise Crude Draw ...Middle East

Crude oil inventories last week shed 900,000 barrels, the Energy Information Administration reported, adding inventories were at 6 percent over the five-year average for this time of the year. The report comes a day after the American Petroleum Institute reported an estimated build of 3.9 million barrels in crude oil and compared with a more moderate build of 1.9 million bpd that the EIA reported for the previous week. Analysts had expected an even more modest inventory build for last week, at 400,000 barrels. In gasoline, the authority reported…

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