HomeNews listOBJECTIVE PRESSFirst Crude Oil Draw In 2023 Pushes Oil Prices Higher

First Crude Oil Draw In 2023 Pushes Oil Prices Higher

  • March 8, 2023
  • Posted by: AliensFaith
  • Category: OBJECTIVE PRESS
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Crude oil prices moved up today after the U.S. Energy Information Administration estimated an inventory draw of 1.7 million barrels for the week to March 3. This compared with a build of 1.2 million barrels for the previous week. At 478.5 million barrels, crude oil inventories are 7 percent above the five-year seasonal average. The latest estimate follows a string of substantial inventory builds that have pressured prices and that the EIA blamed on production underreporting from the industry and crude oil blending. To remedy matters, the agency…      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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