US crude stockpiles fell 6.8M barrels last week, API says

Created at 2 Jun · 11:37 PM1 source↑ Market-relevant

IN SHORT

US crude oil stockpiles decreased by 6.8 million barrels last week, according to data released by the American Petroleum Institute (API). This indicates a significant draw in inventory for the period.

Key Numbers

6.8 million barrelsUS crude stockpile decrease

Who's Involved

American Petroleum Institute (API)

Reported the decrease in US crude stockpiles

↳ Why This Matters

This significant draw in U.S. crude oil inventories can influence global oil prices by signaling increased demand or reduced supply.

Key facts

US crude stockpiles decreased by 6.8 million barrels last week.
The data was reported by the American Petroleum Institute (API).

According to data released by the American Petroleum Institute (API), U.S. crude oil stockpiles experienced a significant decrease of 6.8 million barrels during the past week. This draw in inventory indicates a notable shift in supply levels for crude oil in the United States for the specified period.

FREQUENTLY ASKED

The American Petroleum Institute (API) reported the decrease in U.S. crude stockpiles.

U.S. crude stockpiles fell by 6.8 million barrels.

The decrease occurred last week.

What Happens Next

01Weekly EIA oil inventory report is expected.

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Key facts

US crude stockpiles decreased by 6.8 million barrels last week.

The data was reported by the American Petroleum Institute (API).

US crude stockpiles fell 6.8M barrels last week, API says

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US crude stockpiles fell 6.8M barrels last week, API says

PiQ Daily

Key facts

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