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  • API reportedly measures drop in US oil inventories
    Brent crude for settlement in October held near the earlier seven-month low on Tuesday after traders learned from the media in the United States that the American Petroleum Institute measured a drop in commercial inventories of the commodity by 3.43 million barrels in the seven days through...
  • Oil gains as US crude supplies drop
    Oil prices started to climb in electronic trading after settling the day lower as the American Petroleum Institute (API) showed an unexpected decrease in US crude supplies, according to reports. US crude inventories fell by 761,000 barrels for the week ended on September 22, while gasoline stockpiles...
  • Oil trades slightly lower on inventory rise fears
    Oil prices traded slightly in the red on Wednesday as investors continued to fear rising crude stockpiles in the United States. Meanwhile, market watchers reported that the American Petroleum Institute stated on Tuesday that oil inventories saw a huge build for the past week. The news offsets...
  • Oil continues drop as US supply reportedly expands
    Futures of crude extended losses on Tuesday after the end of trading at equity markets in New York, as investors penciled in the effects of media reports indicating the American Petroleum Institute measured a moderate increase in inventories of the commodity in the United States. In the week...
  • Oil holds gains as private data shows inventory draw
    Futures of crude remained near session highs on Wednesday as traders digested reports that the American Petroleum Institute measured a sharp decline in commercial stockpiles in the United States in the seven days through December 30. Also in contrast to the previous weekly data, fuel...
  • Strong U.S. stockpile build pulls oil futures to red
    Benchmark contracts for the delivery of crude declined on Wednesday at ICE Futures Europe and after, according to reports by media in the United States, the American Petroleum Institute said it measured a jump in commercial inventories of the commodity in the seven days through December...
  • Oil jumps on declining inventories
    Oil prices jumped on Wednesday afternoon following a report from the U.S. Energy Information Agency (EIA) that showed oil inventories continued to decline. WTI oil for November delivery rose 1.28% to $49.89 per barrel (5:10 p.m. CET), continuing an upward price trend for the sixth day in a row....
  • Oil returns from brief dip following API report
    Futures of crude climbed back toward their one-month highs on Tuesday at ICE Futures Europe, following a short slip that came as media reports indicated the American Petroleum Institute's weekly data on commercial oil inventories in the United States revealed the biggest rise in gasoline stocks...
  • Oil stays in red as API reports gasoline buildup
    Downward pressures on prices of crude prevailed on Tuesday over expected effects of the slide in oil production in the United States and supply disruptions in Libya. Benchmark futures remained moderately below the flat line as market participants reacted to the news the American Petroleum...
  • Oil jumps as API sees draw in U.S. inventories
    Futures of crude extended daily gains on Tuesday after the American Petroleum Institute reported commercial inventories of the commodity in the United States dropped by almost four million barrels in the week through June 24. The draw topped 5.2 million barrels in the previous seven-day...
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