Open Demo Account
Home / Market Update / Commodities / U.S. Oil Stocks Down 879K Barrels in Week – API

U.S. Oil Stocks Down 879K Barrels in Week – API

M. Ali 4 August, 2021 4:23 am Commodities, Market Update

Crude oil inventories in the United States fell by 879,000 barrels last week, according to estimates by the American Petroleum Institute (API) released late Tuesday.

Meanwhile, the stockpiles of gasoline and distillates declined by 5.8 million and 717,000 barrels, respectively.

Official inventory data by the Energy Information Administration (EIA) is due tomorrow.

Tags

Check Also

XAU/USD Under Pressure as Dollar Strengthens

Gold prices are currently facing headwinds, trading below $2,600 per ounce. This decline coincides with …

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