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


  • World
  • Wednesday, 05 Feb 2025

HOUSTON, Feb. 4 (Xinhua) -- The American Petroleum Institute (API) on Tuesday reported an increase of 5.025 million barrels of crude oil in U.S. inventories for the week ending Jan. 31.

Analysts expect a hike of 3.170 million barrels for this week.

The API reported a surge of 2.860 million barrels in the previous week.

Oil prices settled mixed on Tuesday.

The West Texas Intermediate for March delivery dropped 46 cents, or 0.63 percent, to settle at 72.7 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for April delivery went up 24 cents, or 0.32 percent, to settle at 76.2 dollars a barrel on the London ICE Futures Exchange.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Romanian top judge denounces far-right presidential frontrunner's threats
Analysis-Russia advances on Ukraine's critical minerals as Trump talks of a deal
Florence bans check-in keyboxes as Italy acts against overtourism
Ex-Karabakh official held by Azerbaijan declares second hunger strike amid terrorism trial
Afghanistan says Pakistan carrying out mass expulsion of refugees
Putin praises Russia-U.S. talks, says Ukraine won't be excluded
Polish space agency checking whether unidentified object is SpaceX rocket debris
Austria arrests teenager over foiled plot to attack Vienna station, news agency reports
Rebel advance causes panic in Congolese border town Uvira
Ukrainian villagers watch peace talks uneasily as front line nears

Others Also Read