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Oil rises as U.S. inventories shrink; China COVID fears limit gains

Oil prices rose further on Wednesday after data indicated that U.S. crude inventories shrank substantially in the past week, although the introduction of new anti-COVID curbs in major Chinese cities put a lid on gains.
Data from the American Petroleum Institute showed that U.S. crude stockpiles fell a bigger-than-expected 4.8 million barrels in the past week, likely heralding a similar decline in official government figures due later today. Focus will also be on the pace of the U.S. government’s drawdown from the Strategic Petroleum Reserve, which is at an over 38-year low.https://theprofitgrowth.com/ , Crude/Natural Gas Tips, Mcx Advisory Company, Mcx tips provider, Mcx Trading, One day free demo, sure shot call, Technical Analysis, To Get Free Trial !!!Live Gold News With MCX Free Bullion Tips today, Bullion Trading Tips By theprofitgrowth.com Ring/Ping 7037171600 Just Do Your BEST Give Prime Focus BY https://THEPROFITGROWTH.COM