Home Editor's Picks Oil Inventories Jump by 5.2M Barrels Last Week: API

Oil Inventories Jump by 5.2M Barrels Last Week: API

by
Commodities1 hour ago (Oct 13, 2021 05:07PM ET)

(C) Reuters.

By Yasin Ebrahim

Investing.com – U.S. crude stockpiles rose more than expected last week, while gasoline supplies dropped sharply at a time when demand is expected to remain elevated.

West Texas Intermediate, the benchmark traded at $80.59 a barrel on the news, after settling up 0.25% at $80.44 a barrel.

U.S. crude inventories increased by 5.2 million barrels for the week ended Oct. 8. That compared with a build of 951,000 barrels reported by the API for the previous week. Economists were expecting a build of about 140,000 barrels.

The API also showed that gasoline inventories fell by about 4.6 million last week, and distillate stocks declined by about 2.7 million barrels.

The official government inventory report due Thursday is expected to show weekly U.S. crude supplies increased by about 702,000 barrels last week.

Oil Inventories Jump by 5.2M Barrels Last Week: API

Brazil coffee exports fall 29% in Sept on shipping hurdles
By Reuters – Oct 13, 2021

NEW YORK (Reuters) – Brazilian exports of green coffee fell 29% in September compared with a year earlier, to 2.74 million 60-kg bags, exporters association Cecafe said on…

U.S. solar group seeking tariffs refuses to reveal its members
By Reuters – Oct 13, 2021

(Reuters) – A U.S. solar group seeking import tariffs on panels made by Chinese companies in Southeast Asia has refused a request by federal trade officials to reveal its members’…

Oil eases on profit taking, demand jitters; stays near highest in years
By Reuters – Oct 13, 2021

By Scott DiSavino NEW YORK (Reuters) -Oil prices eased on Wednesday on worries that crude demand growth would slow, which ate into recent gains that had brought prices to…

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Our Apps

Terms And Conditions
Privacy Policy
Risk Warning

(C) 2007-2021 Fusion Media Limited. All Rights Reserved

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Related News