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Commodity Pre Session News

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(04 Dec 2024, 08:51)

Energy Preview: API data reveals rising US crude oil stocks


Crude oil inventories in the United rose by 1.232 million barrels for the week ending November 22, according to The American Petroleum Institute (API). For the week prior, the API reported a 4.753 barrel build in crude inventories. So far this year, crude oil inventories have fallen by just over 4 million barrels since the beginning of the year, according to API data. Gasoline inventories rose this week by 4.623 million barrels on top of last week’s 1.814-million-barrel increase.

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