US oil inventories add 674,000 barrels last week: API

07/02/2024 Argaam

US oil inventories add 674,000 barrels last week: APIOil tankers

US oil inventories rose by about 674,000 barrels during the week ended Feb. 2, the American Petroleum Institute (API) data showed.

 

Gasoline stocks increased by 3.65 million barrels during the past week, while distillate stocks— including diesel and heating oil—decreased by about 3.7 million barrels.

 

Meanwhile, Brent crude for April delivery rose 0.75%, or 60 cents, to close at $78.59 per barrel on Feb. 6. WTI crude for March delivery increased by 0.75%, or 53 cents, to $73.31 a barrel.

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