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Breaking: Oil Inventories Rose by 10.5M Barrels Last Week - API

Published 03/31/2020, 04:35 PM
Updated 03/31/2020, 04:48 PM
© Reuters.

Investing.com - U.S. crude stockpiles jumped last week, according to an estimate from the American Petroleum Institute released Tuesday.

The API said crude inventories rose by 10.485 million last week.

Analysts expect that the Energy Information Administration will report a build of 3.997 million barrels when it issues numbers tomorrow morning. The EIA numbers are due at 10:30 AM ET (14:30 GMT).

WTI futures were up 1.05% following the release, after settling up, 1.94%, or 39 cents, at $20.48 barrel today in regular trading.

 

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Time to publcize military support for Saudis is ended, that USA will not protect them from foreign strikes in any manner for a minimum amount of time. This would allow the animals in a neighboring country to "visit" accordingly. Heck, they've been non stop hurting our industry perhaps doing them a favor is in order...
Alot more going on there then we can know.
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