U.S. crude oil inventories up last week: API

By Gao Lu
  • World
  • Wednesday, 09 Dec 2020

HOUSTON, Dec. 8 (Xinhua) -- The American Petroleum Institute (API) on Tuesday reported an increase of 1.141 million barrels of crude oil in the U.S. crude oil inventories for the week ending Dec. 4.

API reported an increase of 4.146 million barrels of crude oil inventories for the previous week ending Nov. 27 while the U.S. Energy Information Administration (EIA) reported a fall of 0.7 million barrels.

Oil prices ended mixed on Tuesday, pressured by concerns about demand. The West Texas Intermediate for January delivery lost 16 cents to settle at 45.60 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for February delivery increased 5 cents to close at 48.84 dollars a barrel on the London ICE Futures Exchange.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Did you find this article insightful?


Next In World

Twitter cracks down on Covid vaccine misinformation
AI panel urges US to boost tech skills amid China’s rise
Southeast Asian ministers prepare for Myanmar talks as crisis intensifies
Google is paying for more information in a break with its past
Boeing, Australian air force say pilotless, fighter-like jet completed first test flight
ASEAN to tell Myanmar military it is 'appalled' by violence - Singapore FM
Egypt wants to register millions of gig workers for state insurance, aid
Why are people spending hours on Clubhouse? It’s not (usually) the money
Exclusive: U.S. sanctions for Navalny poisoning expected as early as Tuesday
Instagram Live Rooms adds group streaming of up to four users

Stories You'll Enjoy