Breaking: Oil Inventories Rose by 10.5M Barrels Last Week – API

Breaking: Oil Inventories Rose by 10.5M Barrels Last Week – API

imageCommodities9 hours ago (Mar 31, 2020 04:48PM ET)

(C) Reuters. – U.S. crude stockpiles jumped last week, according to an estimate from the American Petroleum Institute released Tuesday.

The API said crude inventories rose by 10.485 million last week.

Analysts expect that the Energy Information Administration will report a build of 3.997 million barrels when it issues numbers tomorrow morning. The EIA numbers are due at 10:30 AM ET (14:30 GMT).

WTI futures were up 1.05% following the release, after settling up, 1.94%, or 39 cents, at $20.48 barrel today in regular trading.

Breaking: Oil Inventories Rose by 10.5M Barrels Last Week – API

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