API reveals surprise build in US crude inventories

Economies.com
2020-01-28 23:40PM UTC

The American Petroleum Institute (API) revealed today in preliminary data that the US crude inventories fell by about 4.3 million barrels during the past week, beating forecasts of a rise by 1.4 million barrels.

 

The gasoline inventories rose by 3.3 million barrels, and the distillate inventories fell by 141K barrels during the same period.

 

The Energy Information Administration (EIA) will release the official data on Wednesday, which have a significant impact on oil prices movement.

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