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

By Gao Lu

HOUSTON, Jan. 26 (Xinhua) -- The American Petroleum Institute (API) on Tuesday reported a decrease of 5.272 million barrels of crude oil in the U.S. crude oil inventories for the week ending Jan. 22.

API reported an increase of 2.562 million barrels of crude oil inventories for the previous week ending Jan. 15 while the U.S. Energy Information Administration (EIA) reported a rise of 4.4 million barrels.

Oil prices ended mixed on Tuesday as soaring COVID-19 infections continued to spark fears over fuel demand.

The West Texas Intermediate for March delivery lost 16 cents to settle at 52.61 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for March delivery increased 3 cents to close at 55.91 dollars a barrel on the London ICE Futures Exchange.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

Did you find this article insightful?


Next In World

Chinese official says HK electoral changes will "protect" international role
Twitter sues Texas AG, claiming retaliation for Trump ban
Gradually recovering: Fukushima residents talk 10 years on
Hacked companies caught in maze of notification requirements
Japanese smart city offers residents quake, privacy protection
U.S. says visa applicants denied due to Trump 'Muslim ban' can reapply
'No syringes, no beds': Paraguay protests build amid impeachment calls
Ten years after Fukushima, Japan remembers 'man-made' nuclear disaster
NASA-SpaceX launch of next International Space Station crew pushed to April 22
Lebanese army fires at Israeli drone flying over Meiss Ej Jabal post - Al-Manar TV

Stories You'll Enjoy