API: Oil inventories rose by 3.8M barrels last week
US oil stockpiles climbed last week on rising gasoline inventories as lockdown measures in parts of the US to curb the virus kept a lid on fuel demand
Reuters
Wednesday, 25 November 2020
US oil stockpiles climbed last week on rising gasoline inventories as lockdown measures in parts of the US to curb the virus kept a lid on fuel demand.
US crude inventories rose by 3.8 million barrels last week, according to an estimate released by the American Petroleum Institute, after a build of 4.2 million barrels the previous week. Gasoline inventories rose by 1.3 million barrels.
The build comes a day ahead of the official government report expected to show weekly U.S. crude supplies increased by about 0.13 million barrels last week.