"U.S. Inventory Draws Propel Oil Prices Higher"
TL;DR Summary
Crude oil inventories in the US unexpectedly dropped by 5.521 million barrels, contrary to analysts' predictions of a 0.4 million barrel build, causing a jolt in oil prices. Gasoline and distillate inventories also fell, contributing to bullish sentiment, while Cushing inventories decreased. Despite the positive inventory news, oil prices were down slightly, with Brent crude trading at $82.08 and WTI at $77.76 per barrel.
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