Crude oil inventory draw beats expectations at 2.7 MMBO
Crude oil inventories shrank for the fourth week in a row, according to information released from the Energy Information Administration. The total amount of crude in storage declined 2.6 MMBO, 1.2 MMBO more than economist expected, but WTI prices still fell over $1 per barrel as market watchers point out that the declines may not accurately represent trends.

Over 2 MMBO of Wednesday’s draw came from PADD 5, or the West Coast, according to the EIA, while inventories at Cushing, Okla...

Legal Notice