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NewsBreak: Crude Stockpiles Rose 6M Last Week - API

Published 11/19/2019, 04:46 PM
Updated 11/19/2019, 04:55 PM
© Reuters.

Investing.com – U.S. oil inventories rose sharply last week, according to a private survey from the American Petroleum Institute released after the bell Tuesday.

  • The API reported that crude inventories rose by about 6 million barrels for the week ended Nov. 15.

  • Crude Oil fell 3% before the report's release and may be pressured again on Wednesday.

  • Analysts are expecting that the U.S. Energy Information Administration’s weekly inventory data will show a rose of 1.5 million barrels in crude stocks for the week ended Nov. 15.

Latest comments

Uh oh! Maybe $35 WTI is too high.
API and EIA apparently use two very different methods of calculating storage.  EIA is the one traders use.
I wonder why you would post the actual number in the calendar?
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