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Oil ends down despite US crude draw; stockpiles still hefty - Reuters
Reuters | Oil ends down despite US crude draw; stockpiles still hefty Reuters Government data showed U.S. oil inventories fell 2.2 million barrels in the week to May 8, to below 485 million barrels, compared with analysts' expectations for a rise of 386,000 barrels. Gasoline and distillate stockpiles also declined. [EIA/S]. But ... International Energy Agency says oil market remains loose Oil's recovery from six-year low has a missing ingredient IEA sees battle for oil market share 'just starting' |
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