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The American Petroleum Institute (API) reported a huge draw of
5.087 million barrels in United States crude oil inventories,
largely in line with an S&P Platts’ survey of analysts that
expected inventories would draw down by 1.4 million barrels for the
week ending October 27—continuing the extended drawdown in recent
weeks. Gasoline inventories, according to the API, saw a major draw
of 7.697 million barrels for the week ending October 27, against an
expectation of a much more modest draw of 1.7 million barrels.
 Other analysts,…

The American Petroleum Institute (API) reported a huge draw of
5.087 million barrels in United States crude oil inventories,
largely in line with an S&P Platts’ survey of analysts that
expected inventories would draw down by 1.4 million barrels for the
week ending October 27—continuing the extended drawdown in recent
weeks. Gasoline inventories, according to the API, saw a major draw
of 7.697 million barrels for the week ending October 27, against an
expectation of a much more modest draw of 1.7 million barrels.
 Other analysts,…

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