API reports rise in US crude inventories by about 7 million

Economies.com
2019-04-23 21:27PM UTC

The American Petroleum Institute (API) released preliminary data on crude inventories in the United States, which showed a rise by 6.9 million barrels last week, while analysts forecast a decrease by 500,000 barrels.

 

In addition, US gasoline stocks rose by 2.2 million barrels while distillate stocks in the country fell by 865,000 barrels last week.

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