U.S. crude oil inventories up last week: API


  • World
  • Wednesday, 26 Jul 2023

HOUSTON, July 25 (Xinhua) -- The American Petroleum Institute (API) on Tuesday reported an increase of 1.319 million barrels of crude oil in U.S. inventories for the week ending July 21.

Analysts had expected a drop of 1.969 million barrels for the week.

The API reported a decline of 0.797 million barrels in the previous week.

Oil prices gained on Tuesday. The West Texas Intermediate for September delivery added 89 cents to settle at 79.63 U.S. dollars a barrel on the New York Mercantile Exchange.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Algiers int'l comics festival pays tribute to pioneering artists
Hong Kong-Zhuhai-Macao Bridge sees record high daily vehicle passage
Thousands protest in Hungary demanding end to state media 'propaganda'
Venture capitalist Ben Horowitz to make 'significant donation' for Harris
Indian foreign minister rules out bilateral talks at SCO summit in Pakistan
Huge crowd at South Korea fireworks amid safety concern after deadly 2022 crush
US officials struggle to quash Hurricane Helene conspiracy theories
Austrian far-right head urges rivals to let him govern after election win
U.S. teachers face language barriers, student trauma as record migration reaches classrooms
Trump returns to site of assassination attempt in Pennsylvania

Others Also Read