The Sunday Post

The American Petroleum Institute (API) on Tuesday reported a 7.85 million barrel drop in US crude oil inventories for the week ended November 25.

Analysts had expected a 2,487 million barrel drop this week.

The API reported a drop of 4,819 million barrels in the previous week.

Oil prices ended Tuesday mixed as market participants waited for a key meeting of major producers.

The West Texas Intermediate for January delivery added 96 US cents, or…

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