West Texas

  • Crude Oil
    Drawing Too Much Oil Can Be Rough for The Future

    Drawing Too Much Oil Can Be Rough for The Future

    A stunning crude oil stock draw of over 10 million barrels continuing a string of weekly declines reported by American Petroleum Institute, the Energy Information Administration released its weekly estimate, which confirmed the dimensions of the draw, strengthening oil costs further. According to the EIA, U.S. crude oil inventories shed 10.8 million barrels within the week to July 19. This…

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