Commodity Update April 9, 2021: WTI Edges Slightly Higher after Oil Inventories Drop

Commodity update as of 10:20 local time in Thailand on April 9, 2021

U.S. crude oil inventories decreased by 3.5 million barrels during the week ending April 2, the U.S. Energy Information Administration (EIA) said in a report on Wednesday.

The EIA report also showed pronounced inventory builds of 4 million and 1.5 million barrels for gasoline and distillates, respectively, last week.