Oil Stockpiles Dropped to 334.1 Million

Bloomberg reports that according to American Petroleum Institute, crude oil inventories inched down to 334.1 million from 5.04 million barrels.

As quoted in the market news:

Inventories at Cushing, Oklahoma, the delivery point for futures traded on the New York Mercantile Exchange, dropped 1.22 million barrels to 31.1 million.

Click here to read the full Bloomberg report.