Crude Oil Inventories Fall Again Even As SPR Inventory Draws Continue ...Middle East

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Crude Oil Inventories Fall Again Even As SPR Inventory Draws Continue
source : OILPRICE ( Middle East ) () 28
Crude oil inventories fell by 1.3 million barrels, American Petroleum Institute (API) data showed on Wednesday, after dropping 3.069 million barrels in the week prior. U.S. crude inventories have grown by fewer than 10 million barrels so far this year, according to API data. Meanwhile, crude stored in the nation’s Strategic Petroleum Reserves sunk by nearly 23 times that figure so far this year—by 218 million barrels. The SPR now contains the least amount of crude oil since December 1983. The draw in commercial crude oil inventories…

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