Oil pared earlier gains after the American Petroleum Institute was said to report an unexpected U.S. crude inventory gain and a build in gasoline stockpiles.
Crude supplies rose 806,000 barrels last week, according to people familiar with the API data. The crude build would be first since May if Energy Information Administration data confirms it Wednesday. Analysts surveyed by Bloomberg expected a crude stockpile decline of about 4.5 million barrels. Gasoline stockpiles increased 3.3 million barrels, the API was said to report.
"oil" - Google News
July 20, 2021 at 06:51AM
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Oil Pares Gains After API Reports Surprise Supply Increase - Bloomberg
"oil" - Google News
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