The EIA reported a draw of -8,557 MBbls in U.S. crude-oil inventories. In contrast, the market expected a build of +95 MBbls as reported by Bloomberg. Inventories for the U.S. are now at a deficit of 7.70 MMBbls (-1.8%) to last year, and a deficit of 10.90 MMBbls (-2.6%) 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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