13 Dec, 23

U.S. Crude Oil Inventories Drop, But Gasoline Stocks See Large Build

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Crude oil inventories in the United States fell this week by 2.349 million barrels for the week ending December 8, according to The American Petroleum Institute (API), after a 594,000-barrel build in crude inventories in the week prior. Analysts had expected inventories to fall by 1.5 million barrels. API data shows a net build in crude oil inventories in the United States of just over 18 million barrels so far this year. On Monday, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) stayed…

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