Oil Prices Jump On Major Crude Draw ...Middle East

Crude oil inventories sagged by another 7.85 million barrels, American Petroleum Institute (API) data showed on Tuesday, after dropping 4.2 million barrels in the week prior. Analysts anticipated a 2.487 million barrel draw. U.S. crude inventories may have grown by roughly 13 million barrels so far this year, according to API data, but crude stored in the nation’s Strategic Petroleum Reserves sunk by nearly 16 times that figure so far this year— by 204 million barrels. The SPR now contains the least amount of crude oil since March…

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Oil Prices Jump On Major Crude Draw ...Middle East

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