Oil Unmoved by Crude, Gasoline Draws ...Middle East

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Oil Unmoved by Crude, Gasoline Draws
source : OILPRICE ( Middle East ) () 121
Crude oil prices moved little after the U.S. Energy Information Administration reported inventories of the commodity had declined in the week to August 23. Oil inventories shed 800,000 barrels in the reporting period, compared with a draw of 4.6 million barrels for the previous week. A week before the EIA’s report was out, the American Petroleum Institute reported an estimated crude oil inventory draw of 3.4 million barrels for the week to August 23, largely in line with analyst expectations. In fuels, the EIA estimated mixed inventory changes.…

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