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U.S. crude oil inventories increase last week: API

2019-01-30 11:29

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The American Petroleum Institute (API) on Tuesday reported an increase of 2.098 million barrels in the U.S. crude oil inventories for the week ending Jan.25.

In the previous week ending Jan. 18, API reported a build of 6.55 million barrels.

U.S. oil prices rose on Tuesday. The West Texas Intermediate (WTI)for March delivery bounced 1.32 U.S. dollars to settle at 53.31 dollars a barrel on the New York Mercantile Exchange, while Brent crude for March delivery rose 1.39 dollars to close at 61.32 dollars a barrel on the London ICE Futures Exchange.  
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