The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 6.108 million barrels for the week ending September 17. It exceeded the analyst expectations who had estimated a loss of 2.400 million barrels for the week. In the previous week, the API reported a draw in oil inventories of 5.
437 million barrels—a larger loss than the 3.903 million barrel draw that analysts had predicted. Oil prices rose on Tuesday leading up to the data release, with U.S. crude oil inventories falling weekly, OPEC+ production…Oil Prices Jump As Crude, Fuel Inventories Continue To Fall
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