Commodity News
SunSirs: API: US Crude Oil Inventories Increased 423,000 Barrels Last Week
March 06 2024 10:38:25 SunSirs (Selena)
According to foreign news on March 5th, data released by the American Petroleum Institute (API) on Tuesday showed that US crude oil inventories increased last week, while gasoline and distillate inventories decreased.
As of the week ending March 1st, crude oil inventories increased by 423,000 barrels. Gasoline inventory decreased by 2.77 million barrels, while distillate oil inventory decreased by 1.77 million barrels.
Analysts had previously predicted that crude oil inventories would increase by approximately 2.1 million barrels last week, distillate inventories would decrease by 700,000 barrels, and gasoline inventories would decrease by 1.6 million barrels.
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