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The sharp drop in inventories boosts crude oil prices

 Last Update: 2021-06-09
 Source: Internet
 Author: User

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China Petroleum and Chemical News Network reported on May 5, according to the crude oil price network, the American Petroleum Institute (API) reported on Tuesday that in the week ending April 30, crude oil inventories fell sharply, reaching 7.

Analysts had predicted that this week's crude oil inventories would decrease by 2.

In the previous week, API reported that oil inventories increased sharply by 4.

Yin Lu compiled from the crude oil price network

The original text is as follows:

Large Inventory Draws Boost Crude Prices

The American Petroleum Institute (API) on Tuesday reported a massive draw in crude oil inventories of 7.

Analysts had predicted a more modest draw of 2.

In the previous week, the API reported a major build in oil inventories of 4.

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