Oil Inventories Fall by 2.5M Barrels Last Week: API By Investing.com – Investing.com

  • Date: 12-May-2021
  • Source: Investing.com
  • Sector:Oil & Gas
  • Country:Gulf
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Oil Inventories Fall by 2.5M Barrels Last Week: API By Investing.com – Investing.com

By Yasin Ebrahim

Investing.com - U.S. crude stockpiles fell last week, strengthening investor expectations the path toward demand recovery remains on track.  

, the benchmark for U.S. crude prices, was up $0.36 a barrel to $65.31 on the news, after settling up $0.49 at $65.41 a barrel.