Crude oil inventories in the United States fell by big numbers again this week, shedding 4.346 million barrels, the American Petroleum Institute (API) data showed on Tueday, with analysts expecting a smaller 1.8 million barrel draw. The total number of barrels of crude oil gained so far this year is still more than 49 million barrels.
This week, SPR inventory dropped for the first time in 12 weeks, losing 400,000 barrels to reach 371.2 million barrels—the lowest amount of crude oil in the SPR since December 1983. U.S. crude oil production…Oil Prices Rise As Crude And Gasoline Inventories Fall
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