American Petroleum Institute Announces Significant Decrease in U.S. Crude Stockpiles

Tuesday, 12 March 2024, 20:55
The latest report from the American Petroleum Institute revealed a noteworthy 5.5 million barrel decline in U.S. commercial crude oil stockpiles for the week ending March 8. This unexpected draw in oil inventories could potentially impact the energy sector and global oil prices, leading to shifts in market dynamics. With this development, market participants and investors may need to reassess their strategies in response to the fluctuating oil supply and demand landscape.
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American Petroleum Institute Announces Significant Decrease in U.S. Crude Stockpiles

API Reports 5.5M Barrel Drop in U.S. Crude Stockpiles Last Week

Description:

The American Petroleum Institute reportedly shows a surprise draw of 5.5M barrels of oil in U.S. commercial stockpiles for the week ending March 8.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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