SPR Sinks Toward Operational Minimum as U.S. Crude Inventories Build

"API shows rise in weekly US crude stocks, sources say"

U.S. crude stockpiles rose 4.2M barrels last week, API says (USO:NYSEARCA)

The American Petroleum Institute reportedly shows a build of 4.2M barrels of oil in US commercial stockpiles for the week ending August 21.

SPR Sinks Toward Operational Minimum as U.S. Crude Inventories Build

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 4.2 million barrels in the week ending August 21. Analysts had expected a 1.9 million-barrel build. In the week prior, US crude oil inventories fell by 328,000. Commercial crude oil inventories excluding the SPR have lost just over 45 million barrels over the last nineteen weeks, with US crude inventories up 5.8 million for the year, accordin…

US Crude Oil Inventories Surge By 4.2M Barrels, Far Exceeding Forecasts

BitcoinWorld US Crude Oil Inventories Surge by 4.2M Barrels, Far Exceeding Forecasts US crude oil stockpiles rose by 4.2 million barrels in the week ending August 21, according to the latest data, significantly exceeding market expectations of a 1.9 million barrel build. The larger-than-expected increase signals a potential softening in demand or a rise in domestic production, and could influence oil price movements in the near term. What the D…