Oil prices ended relatively unchanged today, despite some significant swings intraday as investors worried that global demand could be dented by surging COVID-19 cases, even though supplies are tightening and vaccination rates rising. "The API inventory data may jolt crude prices back into life," said Craig Erlam, senior analyst at OANDA. • Crude -4.728mm (-2.55mm exp) • Cushing -126k • Gasoline -6.226mm • Distillates -1.882mm Despite last week's surprise build, analysts expected crude to resume its series of inventory draws in the last week. Both crude and gasoline stocks saw a bigger than expected inventory ... (full story)