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U.S. Crude Inventory Rose 1.86 Million Barrels Last Week: API

07/19/2022

Less than a minute

2022.07.19 23:54

Investing.com — U.S. crude oil inventories jumped again last week, API data showed Tuesday, rising 1.86 million barrels.

The rising inventories are exacerbating fears of a wobble in demand as investors brace for an economic downturn.

West Texas Intermediate, the U.S. benchmark, rose 1.1%, to $100.53 a barrel, after the report. Brent Oil Futures crude rose 0.9%, to $107.25 a barrel.

The API data also showed that gasoline inventories rose by 1.29 million barrels after rising 2.9 million barrels the prior week. Distillate stocks fell by 2.1 million barrels.

Source

07/19/2022

Less than a minute