Crude Oil Inventories See Weekly Draw As Fuel Inventories Build

March 7, 2023
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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Crude oil inventories in the United States slipped this week, with a 3.835 million barrel decrease, the American Petroleum Institute (API) data showed on Tuesday, bringing the total number of barrels gained so far this year to nearly 55 million barrels. This week, SPR inventory held steady for the eighth week in a row at 371.6 million barrels—the lowest amount of crude oil in the SPR since December 1983. Oil prices traded down on Tuesday in the run-up to the data release. At 4:12 p.m. EST, WTI was trading down $3.04 (-3.78%) on…

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

Crude Oil Inventories See Weekly Draw As Fuel Inventories Build

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