Oil Climbs On Major Crude Draw

The American Petroleum Institute (API) estimated on Tuesday a huge draw in crude oil inventories of 8.322 million barrels for the week ending July 10.

Analysts had predicted an inventory much smaller inventory draw of 2.275 million barrels.

In the previous week, the API reported an increase in crude oil inventories of 2.048 million barrels, after analysts had predicted a larger build.

Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.

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