CNBC | Oil down on modest US draw; market swings seen pre-UK vote CNBC It was also about a third of the 5.2 million-barrel drop reported on Tuesday by trade group the American Petroleum Institute (API). Oil futures had settled lower on Tuesday but rose in post-settlement trade after the API data showed the huge crude draw. Oil down 3 percent after modest US draw; swings seen pre-UK vote Oil down 3 per cent after modest US draw; swings seen pre-Brexit vote Oil erases rally as crude supplies fall less than expected |