US oil inventories reportedly up by 10.9M barrels - Breaking The News

US oil inventories reportedly up by 10.9M barrels

8 October

1 min read

EPA-EFE/TANNEN MAURY

Crude oil inventories in the United States were up by 10.9 million barrels in the week that ended on October 4, the American Petroleum Institute's (API) private data allegedly revealed on Tuesday.

At the same time, the reserve in Cushing, Oklahoma allegedly increased by 1.35 million barrels. On the other hand, gasoline stockpiles reportedly decreased by 557,000 barrels. Distillates were down 2.59 million barrels, the survey showed.

The reported crude oil figure was significantly larger than expected, indicating a buildup in crude oil inventories.

oil inventories oil data api

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