WTI Holds Gains After API Reports Bigger-Than-Expected Crude Draw | ZeroHedge
Oil prices ended unchanged today as early Azerbaijan angst sent WTI above $92 and some chatter from the Biden admin that draining the SPR was once again the table seemed to drag WTI back down (but $90 was support).
Investors have been looking past worries about China's economic growth and a sluggish economy in Europe to push the commodity higher amid ever-tightening supplies, as Russia and Saudi Arabia have each curbed production.
API
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Crude -5.25mm (-1.00mm exp (more…)