WTI Stuck Below $60 as EIA Confirms Crude, Gasoline Draws

Crude oil inventories in the United States saw a decrease of 2.7 million barrels during the week ending April 25, according to new data from the U.S. Energy Information Administration released on Wednesday. Crude oil prices were trading down prior to the crude data release by the U.S. Energy Information Administration. On Tuesday, the American Petroleum Institute (API) reported a sizeable build in US crude oil inventories of 3.76 million barrels in U.S. crude oil inventories with draws in gasoline and distillate stocks. At 10:29 am in New York,…