Crude oil inventories in the United States saw a decrease of 4.5 million barrels during the week ending August 28, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday.

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 2.6 million barrels in the week ending August 28. In the week prior, US crude…

US crude oil inventories dropped 4.45 million barrels for the week ending August 21, exceeding estimates as refinery utilization nears 95% and