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U.S. Crude Oil Stockpile Fell 6.4 Million Barrels: API

Published 01/04/2022, 04:53 PM
Updated 01/04/2022, 04:54 PM
© Reuters.

Investing.com — API Weekly Crude Oil stocks fell 6.432 million in the latest week.

The data from the American Petroleum Institute compared to expectations for a draw of 3.4 million.

Cushing was 2.268 million. US API Gasoline Stock was reported as a build of 7.061 million compared to the previous draw of 0.319 million.

US API Distillate Stock came in as a build of 4.34 million compared to the previous  draw of 0.716 million.

Latest comments

Oil draw to gasoline and distillates build means demand is low but speculators will continue the drive to increase crude oil prices regardless to support their pyramid investing schemes.
you got 9 downvotes for simply stating the truth
i feel bad for the people who believe these inventories they live in a cave go an airport look the flight screen.how much u see cancelled? no flight = no oil consuming = airlines dont order new oil = oil demand drops = inventory rising aslong the us production is this high. what do we see only draws lol
bullish , they want $80-85 all is a big game , covid delta mu etc all is a big game for ATH ,
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