U.S. figures showing a slight drain on commercial crude oil inventories kept upward pressure on oil prices Wednesday, though the market was more focused on the immediate impacts of the Colonial Pipeline outage, analysts said. The U.S. Energy Information Administration reported commercial crude oil levels declined some 400,000 barrels during the week ending May 7. Gasoline inventories increased by 400,000 […]
The post U.S. Pipeline Issues Overshadow Crude Oil Inventory Report first appeared on The Florida Star | The Georgia Star.