US crude oil inventories add nearly 4.1M barrels last week: API

17/04/2024 Argaam

US crude oil inventories add nearly 4.1M barrels last week: API

Oil tanks

US crude oil inventories rose by 4.1 million barrels during the week ended April 12, American Petroleum Institute (API) data showed.

 

Gasoline stocks fell by 2.5 million barrels last week, while distillate stocks—including diesel and heating oil—fell by about 427,000 barrels.

 

On April 16, Brent crude futures for June delivery fell 0.1%, or 8 cents, to close at $90.02 per barrel, after touching an intraday high of $90.84.

 

WTI crude for May delivery settled at $85.36 per barrel, after touching $86.18.

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