API shows 6 million barrels rise in US oil inventories
Economies.com
2019-11-19 22:35PM UTC
The American Petroleum Institute (API) revealed today in preliminary data that the US crude inventories rose by about 5.9 million barrels during the last week, higher than forecasts of 1.6 million barrels.
The gasoline inventories rose by 3.35 million barrels, and the distillate inventories rose by 2.2 million barrels during the same period.
While the Energy Information Administration (EIA) will release the official data on Wednesday, which have a significant impact on oil prices movement.
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