7.5 C
New York
Sunday, December 5, 2021

U.S. Crude Inventories Up 6.531 Mln Barrels, Miss Expectations For Draw

U.S. Crude Inventories Up 6.531 Mln Barrels, Miss Expectations For Draw© Reuters. API estimates

Investing.com – oil inventories rose 6.531 million barrels last week, the American Petroleum Institute said Tuesday, missing expectations for a draw, while gasoline supplies increased by 2.399 million barrels and distillates fell by 2.572 million barrels.

Crude oil stocks in the U.S. were seen down 2.850 million barrels, while distillates were expected to post a drop of 1.775 million barrels and gasoline inventories expected down 1.025 million barrels.

Supplies at the oil storage hub of Cushing, Oklahoma, fell 1.803 million barrels.

The API estimate are followed by official data from the Energy Information Administration on Wednesday. The API and EIA figures often diverge.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

10,925FansLike
12,893FollowersFollow
751FollowersFollow
- Advertisement -

Latest Articles

Popular Articles