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Energy
US Crude Oil, Gasoline Inventories Keep Sinking, but Prices Don’t Care
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 9.119 million barrels in the week ending June 5.
AI Summary
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 9.119 million barrels in the week ending June 5. Analysts had expected a 3.4 million draw. In the week prior, US crude oil inventories fell by 6.75 million barrels. Despite inventories dropping by a hard-to-stomach 44 million barrels over the last 8 week…
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