US Crude Oil Inventories Are Shrinking, Despite Calls For Glut

The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a draw of 2.48 million barrels in the week ending November 28. Crude oil inventories shed 1.9 million barrels in the week prior. Crude oil inventories in the United States are so far showing a net gain of 4.9 million barrels for the year, according to Oilprice calculations of API data. Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) have risen by 300,000 barrels to 411.7…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com