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U.S. Oil Stockpiles Rise 436,000 B in Week

M. Ali 21 April, 2021 2:09 am Commodities, Market Update

Crude oil inventories in the United States are estimated to have increased by 436,000 barrels last week, according to data by the American Petroleum Institute (API) released on Tuesday.

Gasoline stockpiles declined by 1.6 million barrels, while distillate inventories increased by 655,000 barrels, for the week ended April 16.

Official inventory data are set to be released by the Energy Information Administration (EIA) on Wednesday.

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