The change estimated by the EIA compared with a modest draw of around 1 million barrels for the previous week, which also saw sizable builds in fuel inventories that dragged oil prices lower.

For the week prior, the API reported a draw of 4.022-million-barrel in U.S. crude oil inventories in the midst of build season, while product inventories saw a hefty build. In 2024, crude oil ...

Gasoline and distillate inventories rose more than expected. "The crude oil draw was largely on import-export dynamics," said Bob Yawger, director of energy futures at Mizuho. "The exports are ...

[EIA/S] The 2 million-barrel draw was more than the 992,000-barrel decline analysts had expected in a Reuters poll, and added to a tightened global supply outlook. Limiting oil's gains, Israel and ...

(Reuters) -Oil prices rose more than 2% on Wednesday, supported by a large draw in U.S. crude stockpiles and potential supply disruptions caused by new U.S. sanctions on Russia, while a Gaza ...