The American Petroleum Institute (API) on Tuesday reported its first crude oil inventory draw in six weeks, even as the United States ventures well on the other side of the typical driving season. This week, the API estimated the inventory draw for crude oil to be 2.485 million barrels. Despite the six previous weeks of builds, U.
S. crude inventories are still 60 million barrels below where they were at the beginning of the year—and low enough to continue to press upwards on prices. Analyst expectations for the week were for a build of 1.90-million…Oil Prices Soar On Surprise Crude Draw
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