Big Draw on US Stocks Sends Crude Prices Higher

摘要

Oil futures surged Wednesday after official government data showed a surprise massive draw on crude oil stocks in the US. According to the US Energy Information Administration (EIA), crude inventories dropped a whopping 5.2 million barrels the week ended Oct. 14, marking the sixth consecutive draw. Total stocks were 458.7 million bbl, their lowest since late January (related).