Oil Rises After EIA Confirms Crude Inventory Draw

Crude oil prices inched up further today after the Energy Information Administration reported a crude oil inventory draw of 4.4 million barrels for the week to September 11. Fuel inventories were mixed. At 496 million barrels, the EIA said, crude oil stockpiles continue to be above the five-year average for this time of the year. Analysts had expected an inventory build of a bit over 2 million barrels for the period, after last week the EIA reported a build of the same amount for the first week of September. Gasoline inventories, the authority…