Another draw-The lies continue
U.S. crude inventories decreased by 1.3 million barrels for the week ended Oct. 14, the API reported, compared with estimates for a rise of 1.6 million barrels, and a build of 7.0 million barrels reported in the previous week. The API data also showed that gasoline inventories fell 2.2 million barrels last week, and distillate stocks fell by 1.1 million barrels. The official government inventory report due Thursday is expected to show weekly U.S. crude supplies rose by 1.3 million barrels last week. Oil prices have given up recent gains amid ongoing concerns about demand just as the U.S. is expected to ramp up the release of emergency oil supplies. 1.3 million draw not counting SPR release ,should read over 8 million draw