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Oil Inventories Rose by 872,000 Barrels Last Week: API

CommoditiesJan 25, 2022 04:56PM ET
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© Reuters.

By Yasin Ebrahim

Investing.com - U.S. crude stockpiles fell more than expected just as investors continue to price in the prospect of supply disruptions propping up oil prices as geopilical tensions heat up.  

West Texas Intermediate, the U.S. benchmark, traded at $85.08 barrel on the news, after settling up 2.8% at $85.60 a barrel.

U.S. crude inventories fell by 872,000 barrels for the week ended Jan. 21. That compared with a build of 1.4 million barrels reported by the API for the previous week. Economists were expecting a draw of about 400,000 barrels. 

The API data also showed that gasoline inventories increased by 2.4 million barrels last week, and distillate stocks decreased by 2.2 million barrels.

The official government inventory report due Thursday is expected to show weekly U.S. crude supplies fell by about 728,000 barrels last week.

 
 
Oil Inventories Rose by 872,000 Barrels Last Week: API
 

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Comments (19)
Andrew Ulferts
Andrew Ulferts Jan 25, 2022 10:06PM ET
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I can believe they leave this up with a misleading headline. Investing.com is proving themselves to be completely anti oil. Credibility is important in news, and agendas are obvious now that we are all aware of them. Shame on you.
Oscar Romero
Oscar Romero Jan 25, 2022 9:09PM ET
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Oil crude inventories “fell” by 872,000 barrels last week. EIA crude oil is Wednesday 01/26/2022. Only if a holiday precedes normal Wednesday is report bumped to Thursday.
adzharry asrad
adzharry asrad Jan 25, 2022 7:44PM ET
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OMG so misleading on purpose fire the guy who wrote this
Scott Gramza
Scott Gramza Jan 25, 2022 6:38PM ET
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If they dont correct it, go here:https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Stable-After-API-Reports-Small-Crude-Draw.html
Scott Gramza
Scott Gramza Jan 25, 2022 6:37PM ET
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https://www.marketwatch.com/latest-newsThey have correct info
Scott Gramza
Scott Gramza Jan 25, 2022 6:35PM ET
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Still no correction??
Neymar Da Silva
Neymar Da Silva Jan 25, 2022 5:55PM ET
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the tile is somewhere else
Andrew Ulferts
Andrew Ulferts Jan 25, 2022 5:50PM ET
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THIS KEEPS HAPPENING WITH YOUR HEADLINES. This is not the first, or second time recently that the headline said the opposite of what actually occurred.
Clifford Norman
Grant1865 Jan 25, 2022 5:46PM ET
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Fix the headline and EIA report comes out on Wednesday, January 26th, not Thursday.
Roy Li
Roy Li Jan 25, 2022 5:27PM ET
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writer didn't take the time to properly write and review an article..we need accurate and useful info, not this
 
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