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Oil Stable Despite Large Crude Draw ...Middle East
Crude oil inventories in the United fell this week by 6.083 million barrels, the American Petroleum Institute (API) data showed on Tuesday, with analysts expecting a 1.667 million barrel draw. The total number of barrels of crude oil gained so far this year is still more than 38 million barrels. This week, SPR inventory dropped for the fourth week in a row losing 1.1 million barrels for the week to reach 366.9 million barrels—the lowest amount of crude oil in the SPR since October 1983. U.S. crude oil production held steady during the week…
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