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...
Oil Moves Higher on Inventory Draw

Oil Moves Higher on Inventory Draw

Crude oil prices ticked higher today after the U.S. Energy Information Administration reported an estimated decline of 6.4 million barrels in inventories for the week to April 19.This compared with an inventory build of 2.7 million barrels for the previous week, which...