Energy ETFs Gain as Oil Stockpiles Fall

George T. Taft

Oil prices surged to a 12-month high Wednesday after the Energy Information Administration (EIA) reported a 994,000-barrel drawdown in crude inventories for the week ending Jan. 31, indicating a recovery in demand. Analysts had expected a 446,000-barrel rise. Key Takeaways Oil prices reached a 12-month high Wednesday after the EIA […]