CNBC | Oil sinks as crude stocks fall by 2.2M barrels, weaker draw than API read CNBC The American Petroleum Institute (API) said its data showed U.S. crude stockpiles fell by 6.7 million barrels last week, declining for a seventh week in a row. Brent crude oil futures were trading at $48.21 per barrel at 11:06 a.m. ET (1506 GMT) on ... Oil Prices Climb on Anticipated US Stock Drawdown Oil prices rise on US stock draw but economic worries remain Oil rallies on short-term easing in U.S. unemployment |