Large Crude Build Pushes Down Oil Prices

OilPrice.com | Oct 13, 2021 at 5:36 PM
  • The American Petroleum Institute (API) on Tuesday reported another week of crude oil inventory builds.
  • In the previous week, the API reported a surprise build in oil inventories of 951,000 barrels, compared to the 300,000 barrel draw that analysts had predicted.
  • The API reported a draw in gasoline inventories of 4.575 million barrels for the week ending October 8—compared to the previous week’s 3.682-million-barrel build.