US crude oil inventories rise 2.4M barrels last week: API

22/05/2024 Argaam

US crude oil inventories rise 2.4M barrels last week: API

Oil tanks

US oil inventories rose by 2.48 million barrels in the week ended May 17, the American Petroleum Institute (API) data showed.

 

Gasoline stocks rose by 2.09 million barrels during the past week, while distillate stocks (including diesel and heating oil) decreased by about 320,000 barrels.

 

Meanwhile, Brent crude futures for July delivery fell 1%, or 83 cents, to close at $82.88 per barrel on May 21. WTI crude for June delivery fell 0.7%, or 54 cents, to record $79.26 per barrel.

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