US crude inventories rise unexpectedly - API

The American Petroleum Institute (API) revealed today in preliminary data that the US crude inventories rose by about 951,000 barrels during the past week, missing forecasts of a drop by 2 million barrels.

 

The gasoline inventories rfell 867,000 barrels, and the distillate inventories declined 1.03 million barrels during the same period.

 

While the Energy Information Administration (EIA) will release the official data on Wednesday, which have a significant impact on oil prices movemen


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Posted By laraparker : 08 October, 2020
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