Oil Inventories Fall 5.82 Million Barrels Last Week: Investing.com API

© Reuters.

By Yasin Ebrahim Investing.com – US oil stocks fell last week, adding to expectations that demand for crude will likely remain resilient as the launch of the vaccine continues. it fell by 5.82 million barrels last week, according to an estimate released Tuesday by the American Petroleum Institute, after an extraction of 1.67 million barrels the previous week. Gasoline inventories increased by 1.88 million barrels and distillate inventories increased by 4.43 million barrels. , the US benchmark for oil rose 1.11 dollars after closing 92 cents at 56.58 dollars a barrel. The official government report due Wednesday is expected to show that weekly supplies of US crude fell by about 2.3 million barrels last week.

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