"Oil Prices Rise Amid Continuous US Crude Inventory Decline"
TL;DR
Crude oil prices rose after the U.S. Energy Information Administration reported a significant inventory draw of 4.9 million barrels for the week ending July 12, aligning with the American Petroleum Institute's estimates. Despite the crude draw, gasoline and middle distillate inventories saw increases. Oil prices saw a boost, with WTI and Brent both trading up over 1%.
- Oil Extends Gains As EIA Confirms Crude Draw, Rising Fuel Inventories OilPrice.com
- Oil Halts Run of Losses on Estimate for US Crude Inventory Draw Bloomberg
- Oil Recoups Losses as Technicals Add Support, US Stockpiles Drop Yahoo Finance
- U.S. Crude Oil Inventories Fall for Third Straight Week The Wall Street Journal
- Nymex Overview: Crude Oil Contracts Lead Petroleum Futures Higher -- OPIS MarketWatch
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