Refined product inventories decline: API
US oil inventories rose during the week ended March 27, while refined product inventories declined, according to estimates by the American Petroleum Institute (API). 
The institute, in a report issued today, April 1, said that commercial crude oil inventories increased by 10.26 million barrels over the past week.
The report showed that gasoline inventories fell by 3.21 million barrels over the same period, while distillate inventories, including diesel and heating oil, fell by 1.04 million barrels.
Amid these mixed signals on fuel demand in the US, investors await the official data from the Energy Information Administration later today, with expectations for an 800,000-barrel rise in oil inventories.
On March 31, Brent crude futures for May delivery increased 4.94%, or $5.57, to $118.35 per barrel, recording the highest monthly gain of 63.28%.
US Nymex crude futures for May delivery decreased 1.46%, or $1.50, to $101.38 per barrel, but surged 51.27% over March.
Refined product inventories decline: API
US oil inventories rose during the week ended March 27, while refined product inventories declined, according to estimates by the American Petroleum Institute (API).
The institute, in a report issued today, April 1, said that commercial crude oil inventories increased by 10.26 million barrels over the past week.
The report showed that gasoline inventories fell by 3.21 million barrels over the same period, while distillate inventories, including diesel and heating oil, fell by 1.04 million barrels.
Amid these mixed signals on fuel demand in the US, investors await the official data from the Energy Information Administration later today, with expectations for an 800,000-barrel rise in oil inventories.
On March 31, Brent crude futures for May delivery increased 4.94%, or $5.57, to $118.35 per barrel, recording the highest monthly gain of 63.28%.
US Nymex crude futures for May delivery decreased 1.46%, or $1.50, to $101.38 per barrel, but surged 51.27% over March.
