Inventory Draw on All Fronts, Fed Stance Push Oil Higher Posted byNilanjan Choudhury December 16, 2021 Leave a comment on Inventory Draw on All Fronts, Fed Stance Push Oil Higher With U.S. petroleum demand at record high levels, the likes of ConocoPhillips (COP), Phillips 66 (PSX), Occidental Energy (OXY) and PDC Energy (PDCE) should notch up healthy share gains.