Open Demo Account
Home / Market Update / Commodities / API: U.S. Crude Oil Inventories Down 4.4 M Barrels in Week

API: U.S. Crude Oil Inventories Down 4.4 M Barrels in Week

M. Ali 12 August, 2020 2:12 am Commodities, Market Update

The United States crude oil inventories decreased by 4.4 million barrels last week, according to data by the American Petroleum Institute (API) released on Tuesday.

The U.S. crude stockpiles now stand at around 516 million barrels.

Meanwhile, gasoline inventories fell by 1.3 million barrels, while distillate stockpiles declined by 2.9 million barrels.

Tags

Check Also

Oil Markets Eying Weekly Gains Following PMI Data

Crude Oil prices rebounded after a volatile Friday, driven by a surge in the US …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends