World

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

HOUSTON
2021-08-18 06:37

Already collect



HOUSTON, Aug. 17 (Xinhua) -- The American Petroleum Institute (API) on Tuesday reported a decrease of 1.16 million barrels of crude oil in the U.S. crude oil inventories for the week ending Aug. 13.

API reported a draw of 816,000 barrels for the previous week.

Economists were expecting a draw of about 1.3 million barrels.

The API reports inventory levels of U.S. crude oil, gasoline and distillates stocks. The figure shows how much oil and product is available in storage and thus gives an overview of U.S. petroleum demand.
Add comments

Latest comments

Latest News
News Most Viewed