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10/20, 10:34 PM (Source: TeleTrader)
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US oil inventories grow by 584,000 barrels - reports

Crude oil inventories in the United States went up by 584,000 barrels in the week ending October 16, private data from the American Petroleum Institute (API) reportedly showed on Tuesday. Oil reserves in Cushing, Oklahoma, rose by 1.17 million barrels over the same week.

The country's distillate reserves sank by 5.98 million barrels in the same seven-day period, while gasoline stockpiles in the US slipped by 1.62 million barrels last week.

West Texas Intermediate (WTI) for settlements in December added 0.78% at 4:31 am ET to go for $41.38 per barrel, while Brent for deliveries in the same month gained 0.85% a minute later, trading at $42.82 per barrel.

Breaking the News / GA