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Oil Inventories Rise by 4.3M Barrels Last Week: API

Commodities Apr 27, 2021 04:55PM ET
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© Reuters.

By Yasin Ebrahim

Investing.com - U.S. crude stockpiles rose last week, but that did little to take the shine off a good day for oil prices after major producers decided to stick with plans to gradually lift output. 

West Texas Intermediate, the benchmark for U.S. crude prices, was up $1.18 a barrel on the news, after settling up $1.03 at $62.44 a barrel.

U.S. crude inventories rose by 4.3 million barrels for the week ended April 22, according to an estimate released Tuesday by the American Petroleum Institute. That compared with a rise of 0.43 million barrels reported by the API for the previous week.

The API also showed that gasoline inventories fell by about 1.29 million last week, compared with a 1.62 million fall in the prior week, and distillate stocks slipped by about 2.42 million barrels. 

The official government inventory report due Wednesday is expected to show weekly U.S. crude supplies increased by about 0.66 million barrels last week. 

 
 
 
Oil Inventories Rise by 4.3M Barrels Last Week: API
 

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Comments (6)
vince smith
vince smith Apr 27, 2021 8:05PM ET
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The biggest mafia scam there is for the US government. Control bond prices by buying and selling them digitally, controling the almighty dollar, which in turn controls oil prices. The petro dollar, the second most out dated thing, the U.N. being the first of coarse.
SUGANA RAM SAINI
SUGANA RAM SAINI Apr 27, 2021 7:15PM ET
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I think that crude oil price in india commodity are between 4572 to 4785
Dildar Barcha
Dildar Barcha Apr 27, 2021 6:57PM ET
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send me any information
Dildar Barcha
Dildar Barcha Apr 27, 2021 6:57PM ET
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hello
عبد الحكيم
عبد الحكيم Apr 27, 2021 6:53PM ET
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jgfislhlPya
JonMichael Patrick
JonMichael Patrick Apr 27, 2021 5:57PM ET
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so who's bearish report is this if not the official one? someone had puts today? how would the govt and this institution be 4 million barrels apart lol..... both cant count?
 
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