OIL JUMPS after surprise crude draw > Against e
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Against expectations of a 2.5mm barrel build, API reported Crude stocks drewdown in the latest week by 2.13mm barrels, sparking a kneejerk gain in WTI crude back above $72...
API
•Crude -2.13mm (+2.5mm exp)
•Cushing +1.5mm
•Gasoline -3.4mm
•Distillates -246k
After 3 weeks of crude builds, API reported a draw in the latest week...