US oil inventories add over 2M barrels last week: API

16/04/2025 Argaam

US oil inventories add over 2M barrels last week: API

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US crude oil inventories rose by more than two million barrels last week, indicating a slowdown in demand for oil in the world's largest economy, the American Petroleum Institute’s (API) weekly report showed.

 

US crude oil inventories increased by 2.4 million barrels during the week ended April 11. Meanwhile, gasoline inventories decreased by three million barrels, and distillate inventories—which include diesel and heating oil—declined by 3.2 million barrels.

 

Brent crude futures for June delivery fell 0.30%, or 21 cents, to close at $64.67 a barrel on April 15.

 

WTI crude futures for May delivery fell 0.30%, or 20 cents, to $61.33 a barrel.

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