HomeNews listOBJECTIVE PRESSOil Falls on Mixed Inventory Changes in Crude, Fuels

Oil Falls on Mixed Inventory Changes in Crude, Fuels

  • December 6, 2023
  • Posted by: AliensFaith
  • Category: OBJECTIVE PRESS
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WTI oil prices held just above $70 today after the U.S. Energy Information Administration reported a crude oil inventory draw of 4.6 million barrels for the week to December 1. A sizeable inventory build in gasoline and a smaller one in distillates, however, offset the crude draw. The crude inventory draw followed a weekly estimated inventory build of 1.6 million barrels for the previous week. A day before the EIA released its latest estimate, the American Petroleum Institute reported its own estimate showed an inventory build in crude oil and…      



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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