API Says US Crude Stocks Up 3.947 Mln Barrels, More Than Expected


© Reuters. API estimates

Investing.com – The American Petroleum Institute (API) on Tuesday said its weekly estimates of stocks showed a build of 3.947 million barrels, more than the 2.825 million barrels gain seen.

Gasoline inventories rose 4.634 million barrels, above the 1.229 million barrels expected and distillates rose 1.095 million barrels, compared to a 1.130 million barrels decline seen. Supplies at the oil storage hub of Cushing, Oklahoma, fell by 2.310 million barrels.

The estimates will be followed by official data from the Energy Information Administration (EIA) on Wednesday. The API and EIA figures often diverge.

Disclaimer:Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Let’s block ads! (Why?)