In total, API showed a build of 3.1mb in oil and oil products on the week, relative to the DOE expectation for a draw of 3.4mb. The API figures are bearish, relative to DOE expectations (USO) (XLE).

Both API and EIA reports can influence crude oil prices, though the API is often used as a preliminary indicator. Read more here.

API seeks ‘durable’ oil policy changes under Trump By Shelby Webb | 01/14/2025 06:43 AM EST The CEO of the American Petroleum Institute said oil and gas companies are looking for laws and ...

Analysts had expected an 800,000 barrel draw. So far this year, crude oil inventories are up more than 10 million barrels, according to Oilprice calculations of API data.

Both API and EIA reports can influence crude oil prices, though the API is often used as a preliminary indicator. The EIA report includes crucial refinery utilization data, providing deeper ...

The American Petroleum Institute (API) revealed on Tuesday that U.S. crude oil inventories plummeted by 10.133 million barrels during the week ending ...

The American Petroleum Institute reported an unexpected increase in U.S. crude oil inventories, causing a dip in crude oil prices and impacting the energy market.

West Texas Intermediate (WTI) US Crude Oil broke decisively above $80.00 per barrel on Tuesday as barrel traders shrugged off another build-up in American Petroleum Institute (API) Weekly Crude ...

HOUSTON, April 22 (Xinhua) -- The American Petroleum Institute (API) on Tuesday reported a decrease of 4.565 million barrels of crude oil in U.S. inventories for the week ending April 18.