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Oil Prices Rally On Large Crude Draw – OilPrice.com

Oil prices continued to rally on Tuesday after the API reported another major crude draw

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By Julianne Geiger – Jan 12, 2021, 3:40 PM CSTThe American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 5.821 million barrels for the week ending January 8.
Analysts had predicted an inventory draw of 2.266 million barrels for the week.
In the previous week, the API reported a draw in oil inventories of 1.663-million barrels, after analysts had predicted a draw of 1.271 million barrels.
Both Brent and WTI were up…

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