Energy
US Distillate Stocks Continue to Fall As Crude Inventories Build
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 1.019 million barrels in the week ending September 25. Analysts had expected a 1.9 million barrel draw.
AI Summary
The American Petroleum Institute reported that U.S. crude oil inventories increased by 1.019 million barrels in the week ending September 25, contrary to analysts’ expectation of a 1.9 million‑barrel draw. In the preceding week, inventories had risen by 1.786 million barrels. The data indicate a continued build in crude stockpiles.
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