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11/7/2023, 11:28 PM (Source: TeleTrader)
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US oil inventories reportedly rise by 11.9M barrels

Crude oil inventories in the United States increased by 11.9 million barrels in the week that ended November 3rd, private data from the American Petroleum Institute (API) reportedly showed on Tuesday.

According to the data, gasoline stockpiles went down by 400,000 barrels, while reserves in Cushing, Oklahoma added 1.1 million barrels for the week. At the same time, distillate inventories went up by 1.0 million barrels, the report said.

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