A post by @FirstSquawk on X.
U.S. API CRUDE STOCKS FELL 5.267 MLN BARRELS VERSUS A FORECAST BUILD OF 2.1 MLN AND A PRIOR 2.031 ML…
@FirstSquawk on X
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U.S. API crude inventories fell 5.267 million barrels, defying forecasts for a 2.1 million-barrel build and following a prior 2.031 million-barrel draw, while Cushing stocks rose 0.511 million barrels. The larger-than-expected draw signals tighter near-term crude supply and contrasts with analyst expectations of a build. Traders will watch the EIA's official inventory data for confirmation and any resulting move in crude benchmarks.
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Named in this story
U.S. API Crude Stocks, Cushing stocks