SunSirs: API: US Crude Oil Inventories unexpectedly Surged 4.05 Million Barrels Last Week
June 05 2024 15:41:09 SunSirs (Selena)
According to foreign sources on June 4th, data released by the American Petroleum Institute (API) on Tuesday showed that US crude oil, gasoline, and distillate inventories all increased last week.
According to API data, as of the week ending May 31, US crude oil inventories increased by 4.052 million barrels. Gasoline inventories increased by 4.026 million barrels, while distillate inventories increased by 1.975 million barrels.
Analysts previously predicted that the inventory of crude oil depots decreased by about 2.3 million barrels last week, while the inventory of distillate oil depots increased by about 2.5 million barrels and gasoline inventory increased by about 2 million barrels.
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