Oil Unmoved By Small Inventory Build ...Middle East

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Oil Unmoved By Small Inventory Build
source : OILPRICE ( Middle East ) () 42
Crude oil inventories in the United rose this week, adding 377,000 barrels, the American Petroleum Institute (API) data showed on Tuesday, with analysts expecting a 1.3 million barrel draw. The total number of barrels of crude oil gained so far this year is still more than 49 million barrels. This week, SPR inventory dropped for the second week in a row losing 1.6 million barrels for the week to reach 369.6 million barrels—the lowest amount of crude oil in the SPR since November 1983. U.S. crude oil production stayed the same for the week…

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