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11/16/2021, 10:35 PM (Source: TeleTrader)
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Oil stockpiles in US grow by 655,000 barrels - report

Crude oil inventories in the United States increased by 655,000 barrels in the week ending November 12, private data from the American Petroleum Institute (API) reportedly showed on Tuesday. Reserves in Cushing, Oklahoma, allegedly decreased by 491,000 barrels.

Gasoline stockpiles declined by 2.8 million barrels, while distillate inventories grew by 107,000 barrels, according to the reported data.

Brent for January 2022 deliveries rose by 0.38% to go for $82.48 per barrel at 4:29 pm ET, while West Texas Intermediate (WTI) for settlements in December was 0.26% lower, selling for $80.71 per barrel a minute later.

Baha Breaking the News (BBN) / MS