West Texas Intermediate (WTI) US Crude Oil extended a near term decline on Tuesday, falling to $81.00 per barrel as American Crude Oil markets continue to struggle to find consistent bullish momentum.

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).

Crude Oil briefly found fresh highs on Tuesday before falling back. WTI tested above $83.50 per barrel before easing back to $82.50. API reported a steeper-than-expected drawdown in US Crude Oil ...

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

U.S. crude oil stockpiles possibly rose by 1.2 million barrels in the just-ended week, for the first such climb in five weeks, according to a report by petroleum industry group API that also ...

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.

Investing.com -- U.S. crude oil inventories unexpectedly dropped last week, the API reported Tuesday, following a day of wild swings in oil prices on easing supply fears as President Biden could ...

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.

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 ...