Oil Holds Gains After Crude, Products Inventory Draw

Crude oil inventories in the United States decreased by 600,000 barrels during the week ending September 19, after shrinking by 9.3 million barrels in the week prior, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The move brings commercial stockpiles to 414.8 million barrels according to government data, which is 4% below the five-year average for this time of year. The EIA’s data release follows API’s figures that were released a day earlier, which suggested that crude oil inventories…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com