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      Private Survey Reports Significant Crude Oil Inventory Draw

      A recent private survey has revealed a substantial decrease in crude oil inventories, reporting a draw of 11.1 million barrels for the week. This figure significantly contrasts with market expectations, which had anticipated an increase of 1.9 million barrels in crude stocks.

      In addition to the crude oil draw, the survey indicated a rise in gasoline inventories by 1.1 million barrels, while distillate stocks saw a decrease of 1.5 million barrels. The inventory levels at Cushing, Oklahoma, a key storage hub, increased by 1.8 million barrels during the same period.

      These findings, shared via social media platforms, highlight the volatility in oil markets and the ongoing shifts in supply and demand dynamics. The data could influence trading strategies and market sentiment in the coming weeks.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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