Crude inventories last week dropped for a third straight week while fuel demand rose to its highest since March 2020, the Energy Information Administration said on Wednesday.
rose last week by 426,000 bpd, the EIA said.
"This report is supportive of the market," said Bob Yawger, director of energy futures at Mizuho in New York.U.S. gasoline stocks
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The Tokyo 2020 Paralympics Opening Ceremony In PhotosI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com
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