Home / Market Update / Commodities / U.S. Oil Inventories Down 2.6 M Barrels in Week: API

U.S. Oil Inventories Down 2.6 M Barrels in Week: API

Crude oil inventories in the United States declined last week by 2.6 million barrels, according to estimated by the American Petroleum Institute (API).

Meanwhile, gasoline stockpiles rose by about 4.5 million in the week ended April 1, while distillate inventories grew by roughly 2.8 million barrels.

Check Also

ECB Weighs Aggressive Monetary Tightening if Oil Remains Above $100

European Central Bank policymakers are increasingly leaning toward a tighter monetary stance this year, with …