Crude oil prices continued to climb today after the Energy Information Administration reported a crude oil inventory draw of 800,000 barrels for the week to November 20.
A day earlier, the American Petroleum Institute reported an inventory build of 3.8 million barrels for the period. Analysts had expected the EIA to report a modest 127,000-barrel build in inventories. A week earlier, the EIA estimated a crude oil stock draw of 800,000 barrels as well.
In gasoline, the EIA reported an inventory increase of 2.2 million barrels for the week to November 20, compared with a build of 2.6 million barrels for the previous week.
Serinus Energy plc (LON:SENX) is an international oil company with operations in Romania and Tunisia. The focus of the Company is to enhance shareholder value by growing oil and gas production through the efficient allocation of capital.