12.1 C
New York
Saturday, November 26, 2022

Oil Inventories Rise by More Than Expected 4.5 Million Barrels Last Week: API

Oil Inventories Rise by More Than Expected 4.5 Million Barrels Last Week: API
© Reuters.

 

CL
+0.43%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

 

 

By Yasin Ebrahim

Investing.com — U.S. crude stockpiles rose more than expected last week, the API reported Tuesday.

West Texas Intermediate, the U.S. benchmark, traded at $82.71 a barrel following the report after settling up 0.87% at $85.32 per barrel.

U.S. crude inventories increased by 4.5 million barrels for the week ended Oct. 21, the API reported, compared with estimates for a rise of 200,000 barrels, and a draw of 1.3 million barrels reported in the previous week.

The API data also showed that gasoline inventories fell 2.3 million barrels last week, while distillate stocks climbed by 635,000 barrels.

The official government inventory report due Wednesday is expected to show weekly U.S. crude supplies rose by 1.0 million barrels last week.

Source: Investing.com

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

11,278FansLike
12,893FollowersFollow
744FollowersFollow
- Advertisement -

Latest Articles

Popular Articles