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

OilPrice

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

million barrels during the week ending March 28, according to new data from the U.S. Energy Information Administration released on Wednesday. Energy Information Administration after the American Petroleum Institute (API) reported on Tuesday a build of 6.037 million barrels in U.S.

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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. million barrels again to 396.7

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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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Crude Oil Inventories Climb As OPEC Prepares to Open the Tap

OilPrice

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 6.037 million barrels for the week ending March 28, after a 4.6 million barrel drop in the prior week. million barrels again to 396.4 million barrels in the week ending March 28. million barrels again to 396.4

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Middle East Conflict Jolts Energy Markets

Enverus

The ongoing conflict between Israel and Iran continues to send shockwaves through global energy markets. Recent strikes on Iranian energy infrastructure by Israel have heightened concerns about supply disruptions and price volatility. Strategic Petroleum Reserve is depleted by 200 million barrels to 2021.

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