Strong Crude, Gasoline Draw Jolts Oil Prices

September 6, 2023
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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The American Petroleum Institute (API) has reported a large 5.521-million-barrel draw in U.S. crude inventories, on top of the previous week’s 11.486-million-barrel draw. Analysts were expecting a smaller inventory draw of 1.429 million barrels for the week. The total number of barrels of crude oil gained so far this year is now in the red, according to API data, and there is a net draw in crude inventories since April of almost 50 million barrels. On Monday, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum…

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.

Strong Crude, Gasoline Draw Jolts Oil Prices

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