12/5/2023, 10:36 PM (Source: TeleTrader)
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US oil inventories reportedly up by 594,000 barrels

Crude oil inventories in the United States increased by 594,000 barrels in the week that ended December 1, private data from the American Petroleum Institute (API) reportedly showed on Tuesday.

Distillate inventories are said to have risen by 89,000 barrels, whereas gasoline stockpiles saw a jump of 2.83 million barrels. During the corresponding week, reserves in Cushing, Oklahoma, allegedly went up by 4.28 million barrels.

Baha Breaking News (BBN) / AB