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Wednesday, November 27, 2019

NewsBreak: Crude Stockpiles Rose 3.6M Last Week - API

© Reuters.  © Reuters.

Investing.com – U.S. oil inventories rose last week, according to a private survey from the American Petroleum Institute released after the bell Tuesday.

  • The API reported that crude inventories rose by about 3.6 million barrels for the week ended Nov. 22.
  • Crude oil prices settled 1% higher before the report's release.
  • Analysts are expecting that the U.S. Energy Information Administration’s weekly inventory data will show a fall of 418,000 barrels in crude stocks for the week ended Nov. 22.
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