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Commodity News

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(30 Apr 2025, 08:16)

Energy Preview: US crude oil inventories up by 3.8 million barrels, API data shows


WTI crude oil inventories extended decline on Wednesday morning and is down around half a percent at $60.12 per barrel. The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose 3.76 million barrels in the week ending April 25. The API reported a 4.565 million barrel dip in the prior week. So far this year, crude oil inventories are up more than around 23 million barrels. Gasoline inventories fell in the week ending April 25, by 3.14 million barrels, after falling by 2.180 million barrels in the week prior. Distillate inventories were also down this week, by 2.52 million barrels in the latest week. In the week prior, distillate inventories fell by 1.640 million barrels.

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