Open Demo Account
Home / Market Update / Commodities / U.S. Oil Inventories Down 1.6 M Barrels in Week

U.S. Oil Inventories Down 1.6 M Barrels in Week

M. Ali 25 August, 2021 4:02 am Commodities, Market Update

Crude oil inventories in the United States declined by 1.6 million barrels last week, according to estimates by the American Petroleum Institute (API).

Gasoline stockpiles decreased by 985,000 barrels, and distillate inventories fell by 245,000 barrels.

The official weekly report by the Energy Information Administration (EIA) is due on Wednesday.

Tags

Check Also

Oil Steadies After 7% Plunge: Iran Deal Countdown Meets Smaller-Than-Expected U.S. Inventory Drop

Key Takeaways Mild rebound: Brent crude rose 0.3% to $101.55 per barrel, while WTI also …

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