Oil Prices Balloon On Largest Single-Week Crude Inventory Crash In Years ...Middle East

OILPRICE - Economy
Oil Prices Balloon On Largest Single-Week Crude Inventory Crash In Years
source : OILPRICE ( Middle East ) () 16
Crude oil inventories in the United States unexpectedly fell sizably this week by 15.4 million barrels, the American Petroleum Institute (API) data showed on Tuesday after increasing by 1.319 million barrels in the week prior. Analysts were expecting a draw of 900,000 barrels in U.S. crude-oil inventories. The total number of barrels of crude oil gained so far this year is 20 million barrels, according to API data, although the net draw in crude inventories since April is 27 million barrels. On Monday, the Department of Energy (DoE) reported no…

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