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Another week, another draw – this seems to be the refrain this
driving season, with the API and the EIA in sync with their weekly
figures most of the time. This week has been no exception, with the
EIA reporting a hefty draw in U.S. commercial oil inventories a day
after the API surprised analysts by estimating inventories had
declined by 9.2 million barrels. The authority calculated
commercial inventories of crude oil had gone down by 8.9 million
barrels in the week to August 11, after a draw of 6.5 million
barrels a week earlier. API’s…
driving season, with the API and the EIA in sync with their weekly
figures most of the time. This week has been no exception, with the
EIA reporting a hefty draw in U.S. commercial oil inventories a day
after the API surprised analysts by estimating inventories had
declined by 9.2 million barrels. The authority calculated
commercial inventories of crude oil had gone down by 8.9 million
barrels in the week to August 11, after a draw of 6.5 million
barrels a week earlier. API’s…
Another week, another draw – this seems to be the refrain this
driving season, with the API and the EIA in sync with their weekly
figures most of the time. This week has been no exception, with the
EIA reporting a hefty draw in U.S. commercial oil inventories a day
after the API surprised analysts by estimating inventories had
declined by 9.2 million barrels. The authority calculated
commercial inventories of crude oil had gone down by 8.9 million
barrels in the week to August 11, after a draw of 6.5 million
barrels a week earlier. API’s…
driving season, with the API and the EIA in sync with their weekly
figures most of the time. This week has been no exception, with the
EIA reporting a hefty draw in U.S. commercial oil inventories a day
after the API surprised analysts by estimating inventories had
declined by 9.2 million barrels. The authority calculated
commercial inventories of crude oil had gone down by 8.9 million
barrels in the week to August 11, after a draw of 6.5 million
barrels a week earlier. API’s…
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