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

HOUSTON
2023-10-18 07:22

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HOUSTON, Oct. 17 (Xinhua) -- The American Petroleum Institute (API) on Tuesday reported a decrease of 4.383 million barrels of crude oil in U.S. inventories for the week ending Oct. 13.

Analysts had expected a drop of 1.267 million barrels for the week.

The API reported a surge of 12.940 million barrels in the previous week.

Oil prices settled flat on Tuesday. The West Texas Intermediate for November delivery closed flat and settled at 86.66 U.S. dollars a barrel on the New York Mercantile Exchange.
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