Oil prices were lower today as worries over Middle east conflict continued to ease. “It appears the fundamentals that we trade with are leaning towards a little settling down in the Middle East,” said Tim Snyder, economist at Matador Economics. A draw in US crude inventories this week gave prices a floor as stockpiles fell by 6.4MM/bbls. This compared to a forecasted rise of 825K/bbls. Crude exports were very high which pushed the draw higher but this could be a one off. WTI traded down $.55 or -.66% to close at $82.81. Brent traded down $.40 or -.45% to close at $88.02.