Oil Stabilizes on Small Crude Draw ...Middle East

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Oil Stabilizes on Small Crude Draw
source : OILPRICE ( Middle East ) () 29
Crude oil prices remained little changed today after the U.S. Energy Information Administration reported an inventory draw of 1.4 million barrels for the week to May 3. This compared with a build of 7.3 million barrels estimated for the previous week that pressured prices last week. On Tuesday, the American Petroleum Institute estimated crude oil inventories had added a modest half a million barrels in the week to May 3. The EIA, for its part, also reported small inventory builds in gasoline and middle distillate inventories…

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