- Oil jumps after API reports draw in crude oil inventories and API estimated a large build in crude oil inventories of 7.58 million barrels.
- Oil production in the United States fell from 13.1 million bpd to 11.6 million bpd – a drop of 1.5 million bpd.
- Distillate inventories were up by 5.1 million barrels for the week while Cushing inventories saw a draw of 5 million barrels.
Oil jumps after API reports draw in crude oil inventories, writes Julianne Geiger for Oil Price.
Large crude oil...https://mfame.guru/oil-continues-to-rally-as-crude-inventories-fall/