US Draws Down Record Volumes of Crude Oil From Stocks, EIA Says

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(Reuters) – The United States withdrew 17.8 million barrels of crude oil from its inventories, the highest on record, the Energy Information Administration said on Wednesday, as the Iran war has cut global supplies and raised demand for U.S. crude and products. The country’s stock of oil fell to 819.2 million barrels as of May … Read more