Small Declines In Fuel Inventories Bolster Oil Prices ...Middle East

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Small Declines In Fuel Inventories Bolster Oil Prices
source : OILPRICE ( Middle East ) () 42
Crude oil prices changed little today after the Energy Information Administration estimated a modest inventory increase of 600,000 barrels for the week to April 7. This compared with an inventory draw of 3.7 million barrels for the previous week and put the total at 470.5 million barrels. This was about 3 percent higher than the five-year seasonal average, the EIA said. In fuels, the authority estimated inventory declines. Gasoline stocks last week shed 300,000 barrels, which compared with a draw of 4.1 million barrels for the previous week. Gasoline…

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