NewsBreak: Oil Inventories Rose by 1.41M Barrels Last Week - API

NewsBreak: Oil Inventories Rose by 1.41M Barrels Last Week - API

Dec 10, 2019

U.S. crude stockpiles rose last week, according to an estimate from the American Petroleum Institute released Tuesday.

The API said crude inventories rose by 1.41 million for the week ended Dec. 6.

Analysts expect that the Energy Information Administration will report a draw of 2.8 million barrels when it issues numbers tomorrow morning. The EIA numbers are due at 10:30 AM ET (15:30 GMT).

WTI futures were up 7 cents a barrel following the release, after settling up 22 cents at $59.24 today in regular trading.

Join Libertex!

Practice for free on a demo account with 50,000 euro

Register
or start live trading now