Crude oil inventories in the United fell this week by 2.675 million barrels, the American Petroleum Institute (API) data showed on Tuesday, with analysts expecting a 2.464 million barrel draw. The total number of barrels of crude oil gained so far this year is still more than 44 million barrels. This week, SPR inventory dropped for the third week in a row losing another 1.6 million barrels for the week to reach 368 million barrels—the lowest amount of crude oil in the SPR since October 1983. U.S. crude oil production rose during the week…
