Report: US oil inventories decline 2.45M barrels - Breaking The News

Report: US oil inventories decline 2.45M barrels

17 May

1 min read

EPA-EFE/JUSTIN LANE

Crude oil inventories in the United States decreased by 2.45 million barrels in the week ending May 13, private data from the American Petroleum Institute (API) reportedly showed on Tuesday.

Reserves in Cushing, Oklahoma, allegedly dropped by 3.07 million barrels. Gasoline stockpiles plunged 5.1 million barrels, while on the other hand, distillate inventories were up by 1.08 million barrels, according to the reported data.

oil inventories data

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