Oil prices inched up on Tuesday in a low volume trading session after the American Petroleum Institute’s (API) weekly report showed a larger than expected draw of 4.15 million barrels to the United States’ commercial crude inventories, instead of an expected 2.5 million-barrel draw. The build comes after last week’s report from the Energy Information Administration (EIA) that showed a drop of 2.6 million barrels of crude oil in inventories the week prior. Gasoline inventories have seen builds over the past six weeks as the winter season has now started and demand for road fuels is in decline. API however has Gasoline inventories falling this week by 1.96 million barrels. Crude levels at the Cushing, Oklahoma once again increased, and while analysts expected a somewhat significant 1.9 million barrels to be added, according to API, only 690,000 barrels were added. Crude storage levels at this key site have been […]