by Reuters|Jessica Resnick-Ault|Wednesday, August 16, 2017

Thursday, January 25, 2018

---

NEW YORK, Aug 16 (Reuters) – U.S. crude oil inventories fell for the seventh consecutive week in their largest drawdown in nearly a year while exports and production continued to rise, the Energy Information Administration said on Wednesday. Crude inventories fell 8.95 million barrels in the week to Aug. 11, nearly three times analysts’ expectations for a decrease of 3.1 million barrels and the largest draw in since the week to Sept. 2. At 466.5 million barrels, crude stockpiles were at their lowest since January 2016. Including emergency reserves, crude stocks were at 1.15 billion barrels, the lowest levels since October 2015, according to EIA data. To read full article, follow the link provided