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US Crude Oil Inventories Down Again, Losing 52 Million Barrels in 9 Weeks
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 8.33 million barrels in the week ending June 12. Analysts had expected a 4.5 million draw.
Summary
Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and gas sector. Her… The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 8.33 million barrels in the week ending June 12. Analysts had expected a 4.5 million draw. In the week prior, US crude oil inventories fell by a rather large 9.119 million barrels.
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