U.S. crude oil inventories up last week

0 Comment(s)Print E-mail Xinhua, February 5, 2020
Adjust font size:

HOUSTON, Feb. 4 (Xinhua) -- The American Petroleum Institute (API) on Tuesday reported an increase of 4.18 million barrels in U.S. crude oil inventories for the week ending Jan. 31.

The API reported a decrease of 4.27 million barrels of crude oil inventories for the previous week ending Jan. 24, and the U.S. Energy Information Administration (EIA) reported a rise of 3.5 million barrels.

Oil prices declined on Tuesday as investors were concerned that the outbreak of the novel coronavirus would dent global crude demand.

The West Texas Intermediate for March delivery fell 0.50 U.S. dollar to settle at 49.61 dollars a barrel on the New York Mercantile Exchange. Brent crude for April delivery decreased 0.49 dollar to close at 53.96 dollars a barrel on the London ICE Futures Exchange. Enditem

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter