Open Demo Account
Home / Market Update / Commodities / U.S. Oil Inventories Down 3.5 M Barrels: API

U.S. Oil Inventories Down 3.5 M Barrels: API

M. Ali 10 February, 2021 2:08 am Commodities, Market Update

Crude oil inventories in the United States declined by 3.5 million barrels last week, according to the weekly report of the American Petroleum Institute (API) released on Tuesday.

During the week ending February 5, gasoline stockpiles rose by 4.8 million barrels, while distillate inventories decreased by 487,000 barrels.

It is worth noting that the more accurate inventory data by the U.S. Energy Information Administration (EIA) is due on Wednesday.

Tags

Check Also

U.S. Bond Yields Surge Amid Global Sell-Off and Easing Financial Conditions

U.S. Treasury yields climbed noticeably at the start of December, driven by a broad global …

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