Open Demo Account
Home / Market Update / Commodities / U.S. Oil Inventories Down 8.5 M Barrels

U.S. Oil Inventories Down 8.5 M Barrels

M. Ali 16 June, 2021 2:08 am Commodities, Market Update

Crude oil inventories in the United States reportedly declined by 8.5 million barrels last week, according to data by the American Petroleum Institute (API) released on Tuesday 11.

Meanwhile, gasoline inventories are estimated to have rose by about 2.9 million barrels.

Distillate stockpiles increased by about 2 million barrels.

Official U.S. inventory data is due tomorrow, released by the Energy Information Administration (EIA).

Tags

Check Also

Tariff Turmoil: USD/CHF Crashes to Multi-Month Lows After Liberation Day Shock

The USD/CHF currency pair took a dramatic nosedive during Thursday’s trading session, plummeting to the …

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