SunSirs: API: US Crude Oil Inventories Fell more than Expected Last Week

https://www.chemnet.com   Jul 31,2024 SunSirs

According to foreign news on July 30th, data released by the American Petroleum Institute (API) on Tuesday showed that US crude oil, gasoline, and distillate inventories all decreased last week.

API data shows that as of the week ending July 26th, US crude oil inventories decreased by 4.495 million barrels, gasoline inventories decreased by 1.917 million barrels, and distillate inventories decreased by 322,000 barrels.

Previously interviewed analysts predicted that US crude oil inventories decreased by 1.1 million barrels last week, gasoline inventories decreased by 1 million barrels, and distillate oil inventories decreased by 1.2 million barrels.

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