Large Gasoline Inventory Build Counters Crude Draw ...Middle East

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Large Gasoline Inventory Build Counters Crude Draw
source : OILPRICE ( Middle East ) () 19
Crude oil inventories fell by 2.184 million barrels last week, the American Petroleum Institute (API) data showed on Tuesday, countering in part several weeks of builds. U.S. crude inventories increased 13 million barrels last year, according to API data, while crude stored in the nation’s Strategic Petroleum Reserves sunk by 221 million barrels. This week, SPR inventory held steady for the fourth week in a row at 371.6 million barrels as the emergency releases that the Biden Administration announced last spring are now complete. The SPR…

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