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Oil swings between gains and losses while traders wait for EIA Weekly Petroleum Status Report which will be published on Friday. Oil Mixed After API Report Shows That Crude Inventories Increased ...
The latest US government data released on Wednesday showed a surprise fall of 1.4 million barrels in crude oil inventories last week. Futures had been negative going into the print after API ...
Brent crude oil, the international benchmark price, fell by 4.63% to close at $77.42 per barrel. Over the last month, WTI crude oil is down more than 16% while the price of Brent crude is off more ...
The American Petroleum Institute was founded on 20 March 1919 and based in New York City. [1] In 1959, at a symposium organized by the American Petroleum Institute and the Columbia Graduate School of Business for the centennial of the American oil industry, the physicist Edward Teller warned then of the danger of global climate change. [9]
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A lower oil rig count and the Russian cap also contributed, though U.S. crude inventories were the highest since June 2021. [2] For the week ending February 3, oil fell nearly 8 percent, with Brent at one point reaching $79.72, lowest since January 11, and WTI reaching $73.13, lowest since January 5.
West Texas Crude oil futures for November fell 0.01% to $69.58 a barrel as of 5:09 AM ET (9:09 GMT). Meanwhile Brent crude futures, the benchmark for oil prices outside the U.S., decreased 0.18% ...
The next week, the Weekly U.S. Imports of Crude Oil and Petroleum Products returned to 1,322,000 barrels per day. In March 2019, crude oil prices regained momentum after reports showed an unexpected drop in US fuel supplies. The American Petroleum Institute reported domestic crude inventories declined 2.58 million barrels the previous week. The ...