The EIA reported a draw of -7,227 MBbls in U.S. crude-oil inventories. The draw was larger than the average estimate of -6,740 as reported by Bloomberg. Inventories for the U.S. are now at a deficit of 5.90 MMBbls (-1.4%) to last year, and a deficit of 43.20 MMBbls (-9.2%) to the five-year average.
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AEGIS market analysts publish research across crude, natural gas, NGLs, refined products, metals, and rates.
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