US oil inventories reportedly down by 5.52M barrels - Breaking The News
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US oil inventories reportedly down by 5.52M barrels

Economy
Christian Baha / AY

1 min read

EPA-EFE/TANNEN MAURY

Crude oil inventories in the United States fell by 5.52 million barrels in the week that ended March 8, private data from the American Petroleum Institute (API) allegedly showed on Tuesday.

Meanwhile, reserves in Cushing, Oklahoma, allegedly declined by 998,000 barrels. Gasoline stockpiles slid by 3.75 million barrels, while distillate inventories tumbled by 1.16 million barrels, according to the reported data.

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