US crude oil inventories up last week: API – Times of Oman

US crude oil inventories up last week: API – Times of Oman

Houston: The American Petroleum Institute (API) on Tuesday reported an increase of 7.58 million barrels of crude oil in the US crude oil inventories for the week ending May 8.The API reported an increase of 8.4 million barrels of crude oil inventories for the previous week ending May 1 while the US Energy Information Administration reported a rise of 4.6 million barrels.. Subscribe to our newsletter and be the first to know all the latest news.