Oil Steady After EIA Confirms Draw in Crude, Gasoline Inventories

Crude oil prices remained largely unchanged today, after the U.S. Energy Information Administration reported an inventory draw of a modest half a million barrels for the week to October 25. At the time of writing, Brent crude was trading at $72.25 per barrel, with WTI at $68.29 per barrel. The change in oil stocks compared with a build of 5.5 million barrels for the previous week, which pressured oil prices additionally at the time. The American Petroleum Institute, meanwhile, on Tuesday reported estimated inventory draws across crude and fuels,…