Oil prices climbed higher today after the Energy Information Administration reported a crude oil inventory decline of 1 million barrels for the week to January 28. In fuels, the EIA reported a mixed picture. The agency said that at 415.1 million barrels, crude oil inventories were close to 10 percent below the five-year average levels for this time of the year.
A day before the EIA released its report the American Petroleum Institute estimated U.S. crude oil inventories had declined by 1.645 million barrels, reinforcing the perception that the…Oil Rises Further On Bullish EIA Inventory Data
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