The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 8.153-million barrels for the week ending June 25. Analysts had predicted a draw of 4.686 million barrels for the week. In the previous week, the API reported a draw in oil inventories of 7.199 million barrels after analysts had predicted a draw of 3.
942 million barrels. Crude oil inventories have fallen by more than 37 million barrels since the start of 2021, according to API data, but are still up 19 million barrels since January 2020.Oil prices were…U.S. Oil Inventories Fall For Sixth Straight Week
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