Oil Jumps As Crude Inventories Fall ...Middle East

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Oil Jumps As Crude Inventories Fall
source : OILPRICE ( Middle East ) () 11
Crude oil prices climbed higher today after the Energy Information Administration reported an inventory draw of 3.2 million barrels for the week to August 13. This compared with a small draw of 400,000 barrels for the previous week and a slightly bigger draw of 1.1 million barrels reported for the week to August 13 by the American Petroleum Institute. Analysts had expected an inventory draw of 1.26 million barrels for the period. In fuels, inventory movements were mixed. The authority estimated a gasoline inventory build of 700,000 barrels for…

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