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Oil Inventories Fell 4.3M Last Week: API

By Kalpana Rao on January 29, 2020

© Reuters.

By Kim Khan

Investing.com – Stockpiles of fell sharply last week, industry group the American Petroleum Institute said Tuesday.

posted a drop of 4.3 million for the week ended Jan. 24, API said, compared with build of 1.6 million reported last week.

rose 1.6% following in the report in post-settlement trading.

The Energy Information Administration reports the official government numbers at 10:30 AM ET Wednesday, with analysts looking for a build in of 482,000.

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Source: Investing.com

Published in Commodities

Kalpana Rao
Kalpana Rao

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