Oil Falls Despite Moderate Draw In Crude Inventories ...Middle East

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Oil Falls Despite Moderate Draw In Crude Inventories
source : OILPRICE ( Middle East ) () 30
Crude oil prices were little changed today after the U.S. Energy Information Administration reported an inventory decline of 3.8 million barrels for the week to June 16. At 463.3 million barrels, the EIA said, inventories were around the five-year average for this time of the year. Last week’s inventory level change compared with a substantial build of almost 8 million barrels estimated for the previous week. In fuels, the authority estimated modest inventory builds. Gasoline stocks added 500,000 barrels in the week to…

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