Crude Prices Slip Despite US Inventory Draw

摘要

Oil futures dropped on Wednesday despite a report showing a surprise draw on crude inventories in the US. Data from the US Energy Information Administration (EIA) revealed US crude stocks dropped 600,000 barrels to 468.2 million bbl the week ended Oct. 21, a second consecutive weekly draw. The development was unexpected -- most analysts had predicted a build as refineries remain in maintenance and production ticks higher (related).