Oil tanks
US commercial crude oil inventories rose in the week ended Aug. 7, while distillate stocks declined, latest data from the American Petroleum Institute (API) showed. 
Commercial crude oil inventories increased by 9.072 million barrels last week. Conversely, gasoline stocks fell by 1.53 million barrels during the same period, while distillate stocks—which include diesel and heating oil—decreased by 596,000 barrels.
Official data from the US Energy Information Administration (EIA) is due today, Aug. 11, with forecasts predicting a 600,000-barrel decrease in crude oil inventories.
On Aug. 10, Brent crude futures for October delivery rose 1.36% to close at $88.91 a barrel, while West Texas Intermediate (WTI) crude futures for September delivery increased 1.30% to $83.20 a barrel.
Oil tanks
US commercial crude oil inventories rose in the week ended Aug. 7, while distillate stocks declined, latest data from the American Petroleum Institute (API) showed.
Commercial crude oil inventories increased by 9.072 million barrels last week. Conversely, gasoline stocks fell by 1.53 million barrels during the same period, while distillate stocks—which include diesel and heating oil—decreased by 596,000 barrels.
Official data from the US Energy Information Administration (EIA) is due today, Aug. 11, with forecasts predicting a 600,000-barrel decrease in crude oil inventories.
On Aug. 10, Brent crude futures for October delivery rose 1.36% to close at $88.91 a barrel, while West Texas Intermediate (WTI) crude futures for September delivery increased 1.30% to $83.20 a barrel.
