US oil inventories decline by 5.25 mln barrels: API

19/09/2023 Argaam

US oil inventories fell by 5.25 million barrels during the week ended Sept.15, American Petroleum Institute (API) report showed.

 

Gasoline stocks increased by nearly 732,000 barrels in the past week, while distillate stocks decreased by 258,000 barrels.

 

The US Energy Information Administration is scheduled to issue official inventory data on Sept. 20, amid expectations that crude stocks will fall by 2.67 million barrels.

 

Brent crude futures for November delivery fell 0.1%, or 9 cents, to close at $94.34 per barrel on Sept. 19. WTI crude for November delivery decreased by 0.1%, or 10 cents, to record $90.48 per barrel.

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