The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 8.153-million barrels for the week ending June 25. Analysts had predicted a draw of 4.686 million barrels for the week. In the previous week, the API reported a draw in oil inventories of 7.199 million barrels after analysts had predicted a draw of 3.942 million barrels. Crude oil inventories have fallen by more than 37 million barrels since the start of 2021, according to API data, but are still up 19 million barrels since January 2020. Crude Oil Oil prices were up on Tuesday after prices fell on Monday as OPEC+ was geared up to meet to discuss output. At 3:31 p.m. EST, WTI was trading up $0.36 (+0.49%) at $73.27 prior to the data release—up just $0.20 per barrel on the week. Brent crude was trading up for the day at $74.96—essentially flat […]