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Oil Inventories Fell by 8.3M Barrels Last Week: API

Published 07/14/2020, 04:24 PM
Updated 07/14/2020, 04:39 PM
© Reuters.

Investing.com - U.S. crude stockpiles crude inventories fell by 8.3 million barrels last week, according to an estimate released Tuesday by the American Petroleum Institute.

Analysts expect that the Energy Information Administration will report a draw of 2.1 million barrels when it issues numbers Wednesday morning. The EIA numbers are due at 10:30 AM ET (14:30 GMT).

Crude Oil WTI Futures up were 0.95% following the release, after settling up 19 cents at $40.29 a barrel Tuesday in regular trading.  

Latest comments

*shouts random price*
My expectation prices will go upto 75$ just wait for next two month
price couldn't reach $75 before the virus hit what makes u think times are better now
Saudi's need minimum $80 for their social costs.
$60 by november
ahahahahaha
In 2023 is when we will se profit
will it drop until atleast $40?
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