Crude oil prices moved higher today after the Energy Information Administration reported an inventory draw of 3.4 million barrels for the week to May 13. At 420.8 million barrels, the EIA said, inventories of crude oil were 14 percent below the five-year average for this time of the year. A week earlier, crude oil inventories added a substantial 8.
5 million barrels, weighing on oil prices temporarily. In fuel inventories, the EIA estimated a mixed picture. Gasoline stocks shed 4.8 million barrels last week, with production averaging 9.6 million…Oil Prices Move Higher On Bullish EIA Inventory Data
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