World News
Crude Up After EIA Drawdown Larger than Expected
Wednesday August 20, 2014
WTI was on a run today after the EIA reported that the crude drawdown was much larger than most experts had anticipated.
Refinery activity was up 1.8% from last week while it was expected to decrease creating the more significant inventory plunge.
Refineries are still expected to start winding-down utilization rates for maintenance ahead of winter fuel production.
Bunker prices were firmer in the primary ports.