Oil storage tanks
Commercial crude oil inventories in the United States declined during the week ended October 30, according to the American Petroleum Institute (API). Other product stocks showed mixed trends.
Commercial crude stockpiles dropped by 5.27 million barrels last week.
Gasoline stocks rose 1.43 million barrels in the same period, while distillate inventories—which include diesel and heating oil—fell by 1.19 million barrels.
Official data from the Energy Information Administration is scheduled for release today, Nov. 4, with estimates pointing to a 200,000-barrel decline in crude inventories.
At Tuesday’s close, January Brent crude futures slipped 1.12% to $103.60 a barrel, while December NYMEX futures edged down 0.38% to $96.09 a barrel.
Oil storage tanks
Commercial crude oil inventories in the United States declined during the week ended October 30, according to the American Petroleum Institute (API). Other product stocks showed mixed trends.
Commercial crude stockpiles dropped by 5.27 million barrels last week.
Gasoline stocks rose 1.43 million barrels in the same period, while distillate inventories—which include diesel and heating oil—fell by 1.19 million barrels.
Official data from the Energy Information Administration is scheduled for release today, Nov. 4, with estimates pointing to a 200,000-barrel decline in crude inventories.
At Tuesday’s close, January Brent crude futures slipped 1.12% to $103.60 a barrel, while December NYMEX futures edged down 0.38% to $96.09 a barrel.
