Distillate Stocks Sink Further as U.S. Crude Inventories Barely Budge

U.S. crude stockpiles fell 328K barrels last week, API says (USO:NYSEARCA)

The American Petroleum Institute reportedly shows a draw of 328K barrels of oil in US commercial stockpiles for the week ending August 14.

Distillate Stocks Sink Further as U.S. Crude Inventories Barely Budge

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 328,000 barrels in the week ending August 14. In the week prior, US crude oil inventories rose by 9.072 million barrels on the back of increased imports, decreased exports, and a sizeable injection from the Strategic Petroleum Reserve (SPR). Commercial crude oil inventories excluding the SPR have lost just over 49 million barrels over the las…

US Crude Oil Inventories Fall By 0.328M Barrels, Reversing Prior Week's Build

BitcoinWorld US Crude Oil Inventories Fall by 0.328M Barrels, Reversing Prior Week’s Build US crude oil inventories declined by 0.328 million barrels in the week ending August 14, a sharp reversal from the previous week’s build of 9.072 million barrels, according to the latest data from the Energy Information Administration (EIA). Market Context and Data Details The weekly petroleum status report, released on August 14, shows that total crude o…