In yet another bullish indicator for U.S. oil markets, the price of WTI crude oil futures for June settlement have notched $0.14 higher to settle at $102.19. The May contract, set to go off the market today, also gained slightly to settle at $102.75, good for a 0.19% increase. Once again, the crude markets recorded choppy trading despite bullish sentiment prevailing. Weekly inventory data by the American Petroleum Institute (API) showed a much higher-than-expected drawdown of -8.02 million barrels against expectations for a 2.471 million…
