Large Inventory Draws Boost Crude Prices ...Middle East

The American Petroleum Institute (API) on Tuesday reported a massive draw in crude oil inventories of 7.688 million barrels for the week ending April 30. Analysts had predicted a more modest draw of 2.346 million barrels for the week. In the previous week, the API reported a major build in oil inventories of 4.319 million barrels after analysts had predicted a much smaller build of 659,000 barrels. Rose Rock Midstream tanks as of April 30. Oil prices were trading up on the day prior to the data release as the EU and several U.S. states plan to…

Hence then, the article about large inventory draws boost crude prices was published today ( Wednesday 05/05/2021 - 01:32 AM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Large Inventory Draws Boost Crude Prices )

Also on site :

• New Education Event for Designers, Architects, Builders, and Structural Engineers to Earn Credits and Connect with the Structural Building Components Industry
• Introducing Gray Oak Power: Customized Firm Power Solutions for US Data Center Developers and Operators
• HMRC apologises after glitch shuts helplines ahead of self-assessment deadline