11/30/2021, 10:54 PM (Source: TeleTrader)
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Oil stockpiles in US down by 700,000 barrels - report

Crude oil inventories in the United States decreased by 700,000 barrels in the week ending November 26, private data from the American Petroleum Institute (API) reportedly showed on Tuesday. Reserves in Cushing, Oklahoma, allegedly increased by one million barrels.

Gasoline stockpiles grew by 2.2 million barrels, while distillate inventories added 800,000 barrels, according to the reported data.

Brent for January 2022 deliveries fell by 4.01% to go for $70.57 per barrel at 4:29 pm ET, while West Texas Intermediate (WTI) for settlements in the same month was 4.52% lower, selling for $66.94 per barrel at 4:47 pm ET.

Baha Breaking the News (BBN) / MS