US Crude Stocks Fall for Fourth Week as Products Rise: API
U.S. crude oil inventories declined for a fourth consecutive week while refined product stocks increased, according to data reported by Quantum Commodity Intelligence.
U.S. crude oil inventories fell for a fourth consecutive week, while refined product stocks registered an increase, according to a report by Quantum Commodity Intelligence citing American Petroleum Institute (API) data.
Inventory Movement
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The continuous draw in crude stocks marks four straight weeks of declining U.S. crude stockpiles. Meanwhile, refined petroleum product inventories expanded over the same reporting period.
Key facts
- U.S. crude oil inventories declined for a fourth straight week.
- Refined product stockpiles increased during the same timeframe.
- Figures were released by the American Petroleum Institute and reported by Quantum Commodity Intelligence.
Source: news.google.com
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