US oil inventories add 9.8 mln barrels: API

23/02/2023 Argaam

US oil inventories add 9.8 mln barrels: API

Oil tanks

The American Petroleum Institute (API) said crude oil inventories jumped by 9.8 million barrels in the week ended Feb. 17.

 

API’s weekly report revealed that gasoline inventories added 894,000 barrels last week, with distillate inventories also up by 1.3 million barrels.

 

The US Energy Information Administration (EIA) is due to release official inventory data later today, Feb. 23, with crude inventories set to see 2.9 million barrels more.

 

Oil prices declined at the settlement of trading on Feb. 22 , as Brent crude futures for April delivery fell by 3% to $80.60 a barrel. US West Texas crude for the same delivery also slipped 3.2% to $73.95 per barrel.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read