Oil Inventories Unexpectedly Rise by 800K Barrels Last Week: API By Investing.com – Investing.com

Oil Inventories Unexpectedly Rise by 800K Barrels Last Week: API By Investing.com – Investing.com

By Yasin Ebrahim

Investing.com - U.S. crude stockpiles unexpectedly rose for the first time in nine weeks at a time when rising Covid-19 infections threaten the demand outlook, according to a report from the API.

, the benchmark climbed by 51 cents, to $66.86 a barrel on the news, after settling up $1.0 to $67.42 a barrel.