‎US oil inventories rise 13.4M barrels: API

‎US oil inventories rise 13.4M barrels: API ‎US oil inventories rise 13.4M barrels: API

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Distillate stocks fell, while gasoline inventories increased in the US

US oil and gasoline inventories rose during the week ended Feb. 6, according to estimates by the American Petroleum Institute (API).

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The institute, in a report issued today, Feb. 11, said that commercial crude oil inventories increased by 13.4 million barrels over the past week.

The report showed that gasoline inventories rose by 3.3 million barrels over the same period, while distillate inventories, including diesel and heating oil, fell by two million barrels.

Investors awaited the release of official data from the Energy Information Administration later in the day, amid expectations for a 400,000-barrel drop in oil inventories.

On Feb. 10, Brent crude futures for April delivery settled retreated 0.35%, or 0.24, to $68.80 per barrel.

US Nymex crude futures for March delivery decreased 0.62%, or 0.40, to $63.96 per barrel.

 

Distillate stocks fell, while gasoline inventories increased in the US

US oil and gasoline inventories rose during the week ended Feb. 6, according to estimates by the American Petroleum Institute (API).

The institute, in a report issued today, Feb. 11, said that commercial crude oil inventories increased by 13.4 million barrels over the past week.

The report showed that gasoline inventories rose by 3.3 million barrels over the same period, while distillate inventories, including diesel and heating oil, fell by two million barrels.

Investors awaited the release of official data from the Energy Information Administration later in the day, amid expectations for a 400,000-barrel drop in oil inventories.

On Feb. 10, Brent crude futures for April delivery settled retreated 0.35%, or 0.24, to $68.80 per barrel.

US Nymex crude futures for March delivery decreased 0.62%, or 0.40, to $63.96 per barrel.

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