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Small Crude Inventory Draw Disappoints Markets ...Middle East
The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 879,000 barrels for the week ending July 30, bringing the total 2021 crude draw so far to nearly 55 million barrels, using API data. Analysts had expected a loss of 2.900 million barrels for the week. In the previous week, the API reported a draw in oil inventories of 4.728 million barrels largely in line with the anticipated draw that week of 3.433 million barrels. The price of a WTI barrel had fallen earlier on Tuesday on renewed fears of the Delta…
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