API Surprise: Crude Oil, Gasoline Inventories Fall

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 2.980 million barrels in the week ending October 17, when analysts had expected a sizable build. This more than offsets last week’s 2.780 million barrel build. Crude oil inventories in the United States are so far still showing a net loss for the year, losing 2.423 million barrels according to Oilprice calculations of API data. Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com