Oil inventories fell 4.1 million barrels last week: API Investing.com reported
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© Reuters.
By the hand of Yasin Ebrahim
Investing.com – U.S. depository deposits fell last week easing concerns about demand forecasts as the rise in Covid-19 infections forced some countries to renew their restrictions.
The U.S. crude price benchmark reduced losses from $ 1.24 to $ 75.34 a barrel in news after settling 17 cents per $ 73.93 a barrel.
4.1 million barrels fell in the week ending July 8. Last week’s API compared to the 8.0 million barrel draw.
The API also showed that gasoline inventories fell by about 1.5 million last week, up from 2.7 million last week, and that distillate stocks rose by about 3.7 million barrels.
The official government inventory to be presented on Wednesday shows that the U.S. will drop by about 4.4 per week. million barrels last week.
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