Oil storage tanks
Commercial inventories of crude oil in the US fell by 4.9 million barrels in the week ended Oct. 16, according to American Petroleum Institute (API) estimates, along with declines in petrol and distillate stocks. 
Gasoline stocks declined by around 2 million barrels in the same period, while distillate inventories—including Diesel and heating oil—dropped by 2.6 million barrels.
Official figures from the Energy Information Administration are due today, Oct. 21. Analyst forecasts in a Wall Street Journal survey point to a 300,000-barrel decrease in crude oil stocks.
At Tuesday’s settlement, Brent December futures slipped 0.69% to $108.79 a barrel, while US WTI November futures fell 1.80% to $101.79 a barrel.
Oil storage tanks
Commercial inventories of crude oil in the US fell by 4.9 million barrels in the week ended Oct. 16, according to American Petroleum Institute (API) estimates, along with declines in petrol and distillate stocks.
Gasoline stocks declined by around 2 million barrels in the same period, while distillate inventories—including Diesel and heating oil—dropped by 2.6 million barrels.
Official figures from the Energy Information Administration are due today, Oct. 21. Analyst forecasts in a Wall Street Journal survey point to a 300,000-barrel decrease in crude oil stocks.
At Tuesday’s settlement, Brent December futures slipped 0.69% to $108.79 a barrel, while US WTI November futures fell 1.80% to $101.79 a barrel.
