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Oil rises after US crude draw but stockpiles still hefty - Reuters
Reuters | Oil rises after US crude draw but stockpiles still hefty Reuters U.S. government data showed oil inventories fell 2.2 million barrels in the week to May 8 to below 485 million barrels, compared with analysts' expectations for an increase of 386,000 barrels. Gasoline and distillate stockpiles also declined. [EIA/S ... The big oil battle has just started U.S. oil production is declining at a faster pace IEA sees battle for oil market share 'just starting' |
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