US Crude Inventories Slip By 1.2 Million Barrels

2 Jun 2022 , 12:47 PM

The US crude oil inventories declined last week, the API reported Wednesday, according to media reports. The US crude inventories fell by around 1.2 million barrels for the week ended May 26. That compared with a build of 567,000 barrels reported by the API for the previous week. The API data also showed that gasoline inventories fell by 256,000 barrels last week, while distillate stocks declined by about 858,000 barrels. Powered by Commodity Insights