US oil inventories reportedly up by 4 million barrels - Breaking The News

US oil inventories reportedly up by 4 million barrels

16 April

1 min read

EPA-EFE/TANNEN MAURY

Crude oil inventories in the United States increased by 4 million barrels in the week that ended April 12, marking a larger-than-expected buildup, private data from the American Petroleum Institute (API) reportedly showed on Tuesday.

Distillate inventories are said to have declined by 427,000 barrels, whereas gasoline stockpiles saw a plunge of 2.51 million barrels. During the corresponding week, reserves in Cushing, Oklahoma, allegedly fell by 169,000 barrels.

oil data api

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