API: US oil inventories fall more than 8 million barrels

Economies.com
2020-06-30 21:50PM UTC

The American Petroleum Institute (API) revealed today in preliminary data that the US crude inventories fell by about 8.15 million barrels during the past week, to fall short of expectations of a drop by 2.7 million barrels.

 

The gasoline inventories fell by 2.45 million barrels, while the distillate inventories rose by 2.6 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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