Oil prices have increased after US Crude Oil Inventories data release on Wednesday at 14:30 GMT. The one-minute candle gained 65 pips, or 0.88%, and decreased back in next hours to continue fluctuating in 72.6 area.
The Energy Information Administration released the US Crude Levels data that came out lower-than-expected of negative 12.6M, compare to forecasted negative 4.1M.
A president at Lipow Oil Associates Andrew Lipow said: “In spite of the extraordinary draw in crude oil inventories, the market is under pressure after refiners produced a record amount of gasoline this week and in conjunction with a greater than expected build in distillate inventories.”
