Markets > Commodities

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

Xinhua News,HOUSTON
2020-07-08 10:57

Already collect

HOUSTON, July 7 (Xinhua) -- The American Petroleum Institute (API) on Tuesday reported an increase of 2 million barrels of crude oil in inventories for the week ending July 3.

API reported a decrease of 8.156 million barrels of crude oil inventories for the previous week ending June 26 while the U.S. Energy Information Administration (EIA) reported a drop of 7.2 million barrels.

Oil prices fell modestly on Tuesday as soaring COVID-19 cases continued to stoke fears over weaker demand for the crude.

The West Texas Intermediate for August delivery slid 1 cent to settle at 40.62 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery lost 2 cents to close at 43.08 dollars a barrel on the London ICE Futures Exchange.
Add comments

Latest comments

Latest News
News Most Viewed