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IPFS News Link • Oil
WTI Extends Gains As US Crude Inventories Tumble To 6-Month Lows
• Zero HedgeUS Secretary of State Antony Blinken left the Middle East late Tuesday without a cease-fire agreement, but reiterated that Israel had agreed to a "bridging" deal to create space for the two sides to hammer out details.
API
Crude +347k (-2.9mm exp)
Cushing -648k
Gasoline -1.04mm
Distillates -2.24mm
DOE
Crude (-2.9mm exp)
Cushing -648k
Gasoline -1.04mm
Distillates -2.24mm
Refuting API's reported small crude build, the official data showed across the board inventory drawdowns last week with crude stockpiles down for the 7th week in the last 8 and distillates stocks falling by the most since March...