Oil Prices Reverse On Bullish EIA Data ...Middle East

OILPRICE - Economy
Oil Prices Reverse On Bullish EIA Data
source : OILPRICE ( Middle East ) () 36
Crude oil prices moved up today after the Energy Information Administration reported an inventory draw of 3.1 million barrels for the week to October 28. At 436.8 million barrels, inventories were some 3 percent below the five-year average for this time of the year, the EIA also said. A week earlier, it had estimated an inventory build of 2.6 million barrels. In fuels, the EIA estimated a mixed picture. Gasoline stocks down by 1.3 million barrels in the last week of October, with production at 9.5 million bpd. This compared with an inventory draw…

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