After a rough start for October, crude oil prices linger in rally mode as U.S. hurricanes keep crude oil out of storage basins. Short-term market metrics lingering from a U.S. hurricane gave support to crude oil prices Wednesday, even though balance seemed slow to emerge. The American Petroleum Institute reported late Tuesday that crude oil inventories in the United States moved lower last week by 7.1 million barrels. The API report was far more bullish than the 3.9 million barrel draw reported in an analyst survey earlier in the week by commodity pricing group S&P Global Platts. Crude oil inventories matter for traders watching the supply-side pressures that pushed oil prices below $30 per barrel last year fade away. The drain on the surplus of the five-year average in global crude oil inventories is supported by a production ceiling steered […]