Post by
Wildfury on Nov 15, 2022 5:30pm
API REPORTS TODAY
US crude inventories fell by 5.8 million barrels for the week ended Nov. 11. That compared with a build of 5.6M barrels reported by the API for the previous week. Economists were expecting a draw of just 400,000 barrels. API data also showed that gasoline inventories rose by about 1.7M barrels last week, and distillate stocks increased by 850,000 barrels. The official government inventory report due Wednesday is expected to show weekly U.S. crude supplies fell by about 440,000 barrels last week.
Comment by
Wildfury on Nov 16, 2022 11:29am
This is definitely not up to date news , it says the SPR is down 4% only? It says 435 million barrels ? We are at 392 million barrels level in the SPR . Doesn't make any sense , SPR draining , millions of barrels draw and yet oil down again ?