Oil Supported By Crude, Gasoline Draws ...Middle East

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Oil Supported By Crude, Gasoline Draws
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Crude oil prices moved slightly higher today after the Energy Information Administration reported that U.S. crude oil inventories had shed 2 million barrels in the week to March 15, with gasoline stocks also declining. The crude oil inventory change compared with a draw of 1.5 million barrels for the previous week, which also featured a substantial inventory decline in gasoline inventories. Gasoline inventories fell by 3.3 million barrels in the week to March 15, with production averaging 9.6 barrels daily. This compared with a draw…

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