Oil Stabilizes on Small Crude Draw

Oil Stabilizes on Small Crude Draw

Crude oil prices recovered lost territory today after the U.S. Energy Information Administration reported an inventory draw of 1.4 million barrels for the week to May 3.This compared with a build of 7.3 million barrels estimated for the previous week that pressured...
Large Crude Inventory Build Rocks Oil Prices

Large Crude Inventory Build Rocks Oil Prices

Crude oil prices went lower today after the U.S. Energy Information Administration reported an inventory increase of 7.3 million barrels for the week to April 26.This compared with a substantial draw of 6.4 million barrels for the previous week that pushed prices...