U.S. crude oil inventories up last week: API

0 Comment(s)Print E-mail Xinhua, December 2, 2020
Adjust font size:

HOUSTON, Dec. 1 (Xinhua) -- The American Petroleum Institute (API) on Tuesday reported an increase of 4.146 million barrels of crude oil in the U.S. crude oil inventories for the week ending Nov. 27.

API reported an increase of 3.8 million barrels of crude oil inventories for the previous week ending Nov. 20 while the U.S. Energy Information Administration reported a fall of 0.8 million barrels.

Oil prices declined on Tuesday as investors awaited a key decision on output policy from the Organization of the Petroleum Exporting Countries and its allies.

The West Texas Intermediate for January delivery lost 79 cents to settle at 44.55 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for February delivery decreased 46 cents to close at 47.42 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