The American Petroleum Institute (API) reported a surprise draw of 2.739 million barrels of United States crude oil inventories for the week ending March 16, according to the API data. Analysts had a much different expectation prior to the count, instead anticipating a build of 2.556 million barrels in crude oil inventories—a discrepancy of over 5 million barrels. Last week, the American Petroleum Institute (API) reported a modest build of 1.156 million barrels of crude oil, with a draw for gasoline that saw an inventory slip by 1.262 million barrels for the fuel. This week, the API reported another draw for gasoline. This week, the API reported a draw of 1.0633 million in gasoline stockpiles, largely in line with the 2.008-million-barrel draw that analysts had expected. Both benchmarks had climbed in afternoon trading on Tuesday, with the WTI benchmark up by $1.35 ( +2.17% ) at $63.48 a substantial […]