US oil inventories reportedly down by 6.08M barrels

US oil inventories reportedly down by 6.08M barrels
# 29 March 2023 02:14 (UTC +04:00)

United States crude inventories decreased last week, private data showed on Tuesday, APA reports citing Teletrader.

According to media reports, the American Petroleum Institute (API) said in its weekly report that US crude stockpiles fell by 6.08 million barrels.

Reserves in the industry hub in Cushing, Oklahoma, declined by 2.39 million barrels. The report is also said to have shown a drop of 5.89 million barrels in gasoline inventories and a 548,000 jump in distillate stockpiles.

Traders are now awaiting official figures from the Energy Information Administration (EIA) scheduled for Wednesday.

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