Brent hovers around $107/b on US inventory draw

21.04.2022

Crude oil price moved higher on Wednesday after the U.S. Energy Information Administration reported a crude oil inventory draw of 8 million barrels for the week to April 15.

This compared with an inventory increase of 9.4 million barrels for the previous week, which, however, failed to move prices in any significant way.

A day earlier,...