Crude oil prices rose higher today after the Energy Information Administration reported a crude oil inventory draw of 1 million barrels for the last week of January. Fuel inventories were mixed. A day earlier, the American Petroleum Institute estimated crude oil inventories had fallen by 4.26 million barrels in the reporting period.
The EIA estimate compared with a build of 4.4 million barrels reported for the third week of January and analyst expectations for a modest build of 367,000 barrels. In gasoline, the EIA reported a build of 4.5 million…Oil Prices Rise On EIA Inventory Report
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