As oil prices continue to fall, the American Petroleum Institute (API) reported a draw of 3.016 million barrels in crude oil inventories for the week ending June 15, compared to analyst expectations that this week would see a draw in crude oil inventories of 1.898 million barrels . Last week, the American Petroleum Institute (API) reported a small build of 800,000 barrels of crude oil. However, the API reported a surprise buildup in gasoline inventories for week ending June 15 in the amount of 2.113 million barrels. Analysts had expected a significantly smaller build of 188,000 barrels . Crude oil continued sliding today on the back of growing pressure between the United States and China and anticipation of a difficult OPEC+ meeting on Friday. In early morning trading, Brent crude was trading at US$75.04 a barrel, down 0.40 percent, with WTI down 1.25 percent to US$64.87 a barrel, after […]