NewsBreak: Crude Stockpiles Down 500,000 Last Week – API

0 – U.S. oil inventories fell last week, according to a private survey from the American Petroleum Institute released after the bell Wednesday.

  • The API reported that crude inventories fell by about 500,000 for the week ended Nov. 8.
  • Crude oil prices popped 1.11% following the report after settling 0.6% higher.
  • Analysts are expecting that the Energy Information Administration’s government data will show a rise of 1.65 million barrels in crude stocks for the week ended Nov. 8.

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