The American Petroleum Institute (API) has reported a 2.418-million-barrel draw on U.S. crude inventories, compared with the previous week’s 6-million-barrel draw, as oil prices slip on China growth concerns. Analysts tracked by Investing.com were expecting the Energy Information Administration (EIA) to report an inventory draw of nearly 2.
3 million barrels on Wednesday. Oil prices were slipping slightly on Tuesday ahead of API data, with Brent trading down 0.46% at $84.07 at 3:35 p.m. ET, while WTI was trading down 0.58%,…API Reports Small Crude Draw As Oil Prices Close Lower
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