Oil Climbs as Stockpiles Shrink

13 Jul 2017   Prices

Oil prices made small gains in topsy-turvy trading tied to falling U.S. inventories. Crude storage levels fell by 7.6 million barrels in the week ended Friday, the U.S. Energy Information Administration said Wednesday morning. That is more than double the draw estimated by analysts surveyed by The Wall Street Journal and nearly confirmed a drawdown of 8.1 million barrels that the American Petroleum Institute estimated Tuesday…

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