The Crude Oil futures market had a sudden drop despite a significant draw in inventories – 12.456 million barrels of Crude and 2.053 million barrels of Gasoline – revealed recently. This loss comes after a previous breakout settlement and a release of 1.631 million barrels from SPR. Refinery rates fell 0.3% w/w, and yesterday’s close settled at 74.34, a climb of 1.43.
