Oil prices rose 2% today after a large unexpected drawdown of Crude inventories. Crude inventories had a massive draw of 12.5MM/bbls. Inventories were forecasted to increase by 800K/bbls. Gasoline stocks fell by 2.1MM/bbls and distillate stockpiles fell by 600K/bbls. With Memorial Day coming up peak driving season is upon us. Refiners are absolutely going max out with refinery runs right now, trying to keep up with demand, said Phil Flynn, an analyst at Price Futures Group. WTI traded up $1.43 or 2% to close at $74.34. Brent traded up $1.52 or 2% to close at $78.36.

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