API says US crude inventories rose by more than 10 million barrels
Economies.com
2019-10-16 21:15PM UTC
The American Petroleum Institute (API) revealed in preliminary data that the US crude inventories rose by 10.5 million barrels during last week, beating forecasts of 4 million.
The gasoline inventories fell by 934,000 barrels, and the distillate inventories fell by 2.9 million barrels.
While the Energy Information Administration (EIA) will release the official data tomorrow, which significantly affects oil prices.
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