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Crude Oil WTI Futures - Jun 24 (CLM4)

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Currency in USD
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82.68
-0.13(-0.16%)
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Crude Oil WTI Futures Discussion Forum

United States crude inventories increased last week, private data showed on Tuesday. According to media reports, the American Petroleum Institute (API) said in its weekly report that US crude stockpiles jumped by 7.76 million barrels.The figure includes 3.9 million barrels released from the Strategic Petroleum Reserve (SPR) which the US started to release in an effort to balance the oil market amid the Ukraine crisis.Meanwhile, reserves in the industry hub in Cushing, Oklahoma, rose by 0.38 million barrels. The report is also said to have shown a drop of 5.05 million barrels in gasoline inventories and a 4.96 million plunge in distillate stockpiles. Traders are now awaiting official figures from the Energy Information Administration (EIA) scheduled for Wednesday.
DUBAI, April 12 (Reuters) - A decision driven by Saudi Arabia that OPEC+ should stop using oil data from the West's energy watchdog reflected concern about U.S. influence on the figures, sources close to the matter said.
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