NewsBreak: Crude Stockpiles Rise 6M Last Week – API

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

  • The API reported that crude inventories rose by about 6 million barrels for the week ended Nov. 15.
  • Crude Oil fell 3% before the report’s release and may be pressured again on Wednesday.
  • Analysts are expecting that the U.S. Energy Information Administration’s weekly inventory data will show a rose of 1.5 million barrels in crude stocks for the week ended Nov. 15.

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