API Reports 1.83 Million Barrel Inventory Draw, WTI Oil Price Fails To Extend Gains

The latest weekly American Petroleum Institute (API) inventory data for the week ending March 31st reported a draw of 1.83 million barrels. This followed a build of 1.91 million barrels last week and was only the 3rd draw in the past 3 months. Consensus forecasts were for a small draw in stocks for…

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