US Crude Oil Inventories See Sharp Drawdown, Bolstering Market Confidence ...Middle East

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US Crude Oil Inventories See Sharp Drawdown, Bolstering Market Confidence
source : OILPRICE ( Middle East ) () 29
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell sharply, by 10.133 million barrels in the week ending June 13 after analysts had estimated a 600,000-barrel draw. The API reported a 337,000 barrel inventory decrease in the prior week. So far this year, crude oil inventories are up 7.6 million barrels, according to Oilprice calculations of API data. Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) climbed 200,000 barrels…

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