Oil tanks
US crude oil and gasoline inventories declined during the week ended January 23, according to estimates from the American Petroleum Institute (API). 
The institute said in a report released early today, Jan. 28, that commercial crude oil inventories fell by 247,000 barrels last week.
Gasoline inventories also declined by 415,000 barrels, while distillate inventories — including diesel and heating oil — increased by 2.01 million barrels over the same period.
The US Energy Information Administration (EIA) is scheduled to release the official data later today, amid expectations of a 1 million-barrel increase in crude oil inventories.
At the settlement of trading on Jan. 27, Brent crude futures for March delivery rose 3%, or $1.98, to $67.57 per barrel.
US Nymex crude futures for March delivery also climbed 2.90%, or $1.76, to $62.39 per barrel.
Oil tanks
US crude oil and gasoline inventories declined during the week ended January 23, according to estimates from the American Petroleum Institute (API).
The institute said in a report released early today, Jan. 28, that commercial crude oil inventories fell by 247,000 barrels last week.
Gasoline inventories also declined by 415,000 barrels, while distillate inventories — including diesel and heating oil — increased by 2.01 million barrels over the same period.
The US Energy Information Administration (EIA) is scheduled to release the official data later today, amid expectations of a 1 million-barrel increase in crude oil inventories.
At the settlement of trading on Jan. 27, Brent crude futures for March delivery rose 3%, or $1.98, to $67.57 per barrel.
US Nymex crude futures for March delivery also climbed 2.90%, or $1.76, to $62.39 per barrel.
