The American Petroleum Institute (API) reported a draw of 5.222 million barrels of United States crude oil inventories for the week ending December 15, marking three large draws in as many weeks. Analysts had expected a smaller drawdown of 3.518 million barrels of the fuel. Last week, the American Petroleum Institute (API) reported a large draw of 7.385 million barrels of crude oil, but had dampened enthusiasm that the oil bulls may have had by countering that with a build of 2.334 million barrels of gasoline. This week, the API is reporting yet another build in gasoline inventories at 2.001 million barrels for the week ending December 15. The results came in close to forecasts for a 2.231-million-barrel build . WTI and Brent were trading up earlier in the day as an Ineos press release foretold of weeks of delays on its Forties pipeline as custom parts are built, […]