Oil Rises After EIA Confirms Major Crude Draw ...Middle East

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Oil Rises After EIA Confirms Major Crude Draw
source : OILPRICE ( Middle East ) () 17
Crude oil prices moved higher today after the U.S. Energy Information Administration reported an inventory decline of 10.6 million barrels for the week to August 25. The estimate compared with a draw of 6.1 million barrels for the previous week. A day earlier, the American Petroleum had estimated inventories had shed a massive 11.5 million barrels in the week to August 25, which prompted a spike in oil prices. In fuels, the Energy Information Administration reported a modest gasoline draw and a middle distillate increase. In gasoline, stocks shed…

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