The EIA reported a draw of -4,450 MBbls in U.S. crude-oil inventories. The draw was larger than the average estimate of -574 as reported by Bloomberg. Inventories for the U.S. are now at a surplus of 3.80 MMBbls (0.9%) to last year, and a deficit of 13.00 MMBbls (-3.0%) 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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