Markets > Commodities

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

2019-05-30 06:24

Already collect

HOUSTON, May 29 (Xinhua) -- The American Petroleum Institute (API) on Wednesday reported a decrease of 5.265 million barrels in the U.S. crude oil inventories for the week ending May 24.

In the previous week ending May 17, API reported an increase of 2.4 million barrels of crude oil inventories, while the U.S. Energy Information Administration (EIA) reported a build of 4.7 million barrels for the same period.

Oil prices slid on Wednesday as fears of possible diminishing demand for energy outweighed concerns over supplies.

The West Texas Intermediate for July delivery dipped 0.33 U.S. dollar to settle at 58.81 dollars a barrel on the New York Mercantile Exchange, while Brent crude for July delivery was down 0.66 dollar to close at 69.45 dollars a barrel on the London ICE Futures Exchange.
Add comments

Latest comments

Latest News
News Most Viewed