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U.S. Crude Inventories Post Massive Draw of 11.5M Barrels

OilPrice

Crude oil inventories in the United States fell by 11.5 million barrels during the week ending June 13, according to new data from the U.S. million barrels, roughly 10% below the five-year average for this time of year. Energy Information Administration (EIA) released on Wednesday. The drop brings commercial stockpiles to 420.9

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Gasoline, Distillate Builds Spook Oil Markets

OilPrice

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell again this week, this time by 370,000 barrels in the week ending June 6 after analysts had estimated a 700,000-barrel build. million barrel inventory decrease in the prior week. The API reported a 3.3

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EIA: US Crude Oil Inventories Climb 6.2 Million Barrels

OilPrice

Crude oil inventories in the United States saw a large increase of 6.2 million barrels during the week ending March 28, according to new data from the U.S. Crude oil prices were trading up prior to the crude data release by the U.S. crude oil inventories amid a small gasoline draw. ET at $74.50a

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Crude Oil Inventories Slip But Prices Eyeing Tariff Fears

OilPrice

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 1.057 million barrels for the week ending April 4, after a 6.037 million barrel spike in the prior week. million barrels again to 396.7 million barrels in the week ending April 4.

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Oil Rises on Larger Than Expected Crude Draw

OilPrice

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 4.6 million barrels for the week ending March 21. million barrels. So far this year, crude oil inventories have climbed more than 16 million barrels, according to Oilprice calculations of API data.

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EIA Worries Oil Bulls with Large Builds of Gasoline, Distillate Stocks

OilPrice

Crude oil inventories in the United States fell by 4.3 million barrels during the week ending May 30, according to new data from the U.S. Crude oil prices were trading up prior to the crude data release by the U.S. On Tuesday, the American Petroleum Institute (API) reported a drop of 3.3

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Oil Prices Surge to Three-Week High on Supply Concerns

OilPrice

Crude oil prices earlier today touched a three-week high, driven by the latest U.S. oil inventory report by the American Petroleum Institute and expectations of tighter supply on Washingtons double-down on oil sanctions against Iran and Venezuela. million barrels in the week to March 21.