Crude Prices Rise On Surprise Inventory Draw ...Middle East

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Crude Prices Rise On Surprise Inventory Draw
source : OILPRICE ( Middle East ) () 141
Crude oil inventories in the United fell this week by 6.70 million barrels, the American Petroleum Institute (API) data showed on Tuesday, with analysts expecting a 525,000 million barrel build. The total number of barrels of crude oil gained so far this year is just over 35 million barrels. This week, SPR inventory dropped for the eighth week in a row as another 1.6 million barrels of congressionally mandated crude oil was sold during the week ending May 19. There are now 358 million barrels—the lowest amount of crude oil in the SPR since…

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