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

0 Comment(s)Print E-mail Xinhua, May 12, 2021
Adjust font size:

HOUSTON, May 11 (Xinhua) -- The American Petroleum Institute (API) on Tuesday reported a decrease of 2.533 million barrels of crude oil in the U.S. crude oil inventories for the week ending May 7.

API reported a decrease of 7.688 million barrels of crude oil inventories for the previous week ending April 30 while the U.S. Energy Information Administration (EIA) reported a fall of 8 million barrels.

Oil prices moved higher on Tuesday as traders followed updates on a vital U.S. fuel pipeline system.

The West Texas Intermediate for June delivery added 36 cents to settle at 65.28 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for July delivery increased 23 cents to close at 68.55 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