US oil inventories down by 1.076M barrels – report
Crude oil inventories in the United States decreased by 1.076 million barrels in the week ending February 11, private data from the American Petroleum Institute (API) reportedly showed on Tuesday.
The supply of distillates went down by 546,000 barrels. Meanwhile, the stocks of gasoline declined by 923,000 barrels.
West Texas Intermediate (WTI) for deliveries in March fell by 2.98% at 4:22 pm ET to sell for $91.94 per barrel. Brent for settlements in April dropped by 2.96% at 4:30 pm ET to go for $93.01 per barrel.
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