U.S. Crude Inventories Fell by 1.25M Barrels Last Week – API

Commodities & Futures
© Reuters.  © Reuters.

By Kim Khan

Investing.com – U.S. oil inventories fell slightly last week, according to a measure by the American Petroleum Institute out Tuesday.

fell by 1.25 million barrels for the week ended March 20, the API said.

The were down about 421,000 the week before, according to API.

U.S. distillate stockpiles fell by 1.9 million barrels, while gasoline dropped by 2.6 million barrels.

WTI futures continued to gain ground after settlement, rising 4.5%.

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