Mumbai, Oct. 29 -- The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a large dip of 4 million barrels in the week ending October 24, following a 2.98 million-barrel build the previous week and below expectations for a 2.9 million barrel draw. This was the second consecutive drop after two straight weeks of strong builds. Gasoline inventories also saw a large decrease, of 6.3 million barrels in the week ending October 24, after losing 236,000 barrels in the week prior.
Published by HT Digital Content Services with permission from Capital Market....