US oil inventories rise by more than 300,000 barrels last week: API

21/08/2024 Argaam

US oil inventories rise by more than 300,000 barrels last week: API

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Oil inventories in the US rose by 347,000 barrels during the week ended Aug. 16, latest data from the American Petroleum Institute (API) showed.

 

Gasoline stocks fell by more than one million barrels during the past week, while distillate stocks (including diesel and heating oil) fell by about 2.25 million barrels.

 

Meanwhile, Brent crude futures for October delivery fell 0.6%, or 46 cents, to close at $77.20 a barrel on Aug. 20. WTI crude for September delivery slipped 0.45%, or 33 cents, to record $74.04 per barrel.

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