Surprise Crude Build Weighs on Oil

February 27, 2024
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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Crude oil inventories in the United States rose this week, by 8.428 million barrels for the week ending February 23, according to The American Petroleum Institute (API). The API reported a 7.168-million-barrel rise in crude inventories in the week prior. On Tuesday, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) rose by 0.8 million barrels as of February 23. Inventories are now at 360.3 million barrels—the highest level since May 2023. Oil prices were up ahead of the API data…

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.

Surprise Crude Build Weighs on Oil

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