API Reports Unexpected Decrease in U.S. Crude Supplies

API Reports Unexpected Decrease in U.S. Crude Supplies

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Crude oil inventories in the United States fell this week by 5.215 million barrels for the week ending January 5, according to The American Petroleum Institute (API), after analysts predicted a draw of 1.2 million barrels. The API reported a 7.418-million-barrel draw in crude inventories in the…

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