Open Demo Account
Home / Breaking News / US Oil Inventories Down 7.4 M Barrels in Week

US Oil Inventories Down 7.4 M Barrels in Week

M. Ali 5 August, 2020 7:46 pm Breaking News, Commodities, Market Update

Crude oil inventories in the United Stated declined for the second consecutive week, according to data by the US Energy Information Administration (EIA).

Oil stockpiles decreased by 7.4 million barrels last week, exceeding market estimates, to a total of 518.6 million barrels.

Yesterday, data by the American Petroleum Institute (API) reported an 8.6 million-barrel decrease in the US oil inventories.

Tags

Check Also

Shell Profits Surge as War Disruptions Reshape Global Oil Markets

Global energy markets were jolted in the first quarter of 2026 as geopolitical tensions in …

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