Open Demo Account
Home / Market Update / Commodities / API: US Oil Inventories Up 4.2 M Barrels

API: US Oil Inventories Up 4.2 M Barrels

M. Ali 18 November, 2020 5:34 am Commodities, Market Update

Crude oil inventories in the United States increased by 4.2 million barrels last week, according to data by the American Petroleum Institute (API) on Tuesday.

Meanwhile, gasoline stockpiles rose by 256,000 barrels, while distillate inventories declined by 5 million barrels.

Tags

Check Also

Fed Rate Cuts Fade as Inflation Pressures Persist Amid Global Conflicts

Hopes for a new round of U.S. interest rate cuts are rapidly fading as inflation …

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