Seeking Alpha | Is Oil Boiling Under The Surface? Seeking Alpha The EIA reported on Wednesday that US crude oil inventories sank by 10.7 million barrels (including the Strategic Petroleum Reserve sale), and total oil stocks dropped by 7.0 million barrels. This was an unusual drop for this time of the year as the ... Oil edges up in choppy trade on signs of strengthening demand India cuts reliance on Gulf oil; imports from region hit 19-month low in June Oil on track for weekly gains ahead of rig count |