Oil Prices Get Another Boost From Falling Crude Inventories ...Middle East

The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 7.199-million barrels for the week ending June 18. Analysts had predicted a much smaller draw of 3.942 million barrels for the week. In the previous week, the API reported a draw in oil inventories of 8.537 million barrels after analysts had predicted a draw of 3.290 million barrels. Crude oil inventories have fallen by more than 29 million barrels since the start of 2021, according to API data, but are still up 27 million barrels since January 2020. Oil…

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