US oil inventories fall 2M barrels last week: API

10/07/2024 Argaam
Oil tanks

Oil tanks

US oil inventories fell by 1.9 million barrels during the week ended July 5, the American Petroleum Institute (API) data showed.

 

Gasoline stocks decreased by 3 million barrels during the past week. Distillate stocks (including diesel and heating oil) increased by about 2.3 million barrels.

 

Meanwhile, Brent crude slid 1.25%, or $1.09, to close at $84.66 a barrel on July 9. WTI crude fell 1.1%, or 92 cents, to record $81.41 per barrel.

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