US oil inventories decline over 3M barrels last week: API

15/05/2024 Argaam

US oil inventories decline over 3M barrels last week: API

US oil inventories fell by 3.1 million barrels during the week ended May 10, the American Petroleum Institute (API) data showed.

 

Gasoline stocks fell by 1.27 million barrels last week, while distillate stocks—including diesel and heating oil—rose by about 349,000 barrels.

 

Brent crude futures for July delivery fell 1.2%, or 98 cents, to close at $82.38 per barrel on May 14.

 

WTI crude for June delivery fell 1.4%, or $1.1, to record $78.02 per barrel.

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