The latest data from the American Petroleum Institute (API) reveals a noteworthy shift in the US crude oil inventory. Updated on September 10, 2024, the API Weekly Crude Oil Stock has registered a decrease of 2.790 million barrels. Although this is a considerable drop, it’s markedly less than the previous week’s staggering reduction of 7.400 million barrels.This decrease moderates some of the supply concerns that had gripped the market following last week’s more considerable drawdown. Analysts anticipate these figures will influence crude oil prices and potentially alleviate some upward pressure resulting from earlier supply anxieties.With global oil markets remaining volatile, stakeholders will be closely monitoring these weekly updates to gauge the ongoing supply-demand balance in the world’s largest oil-consuming country.The material has been provided by InstaForex Company – www.instaforex.com
- France’s HICP Growth Slightly Eases in September: A Year-Over-Year Analysis - October 15, 2024
- France’s Harmonized Consumer Prices Index Dips in September 2024, Marking a Significant Economic Shift - October 15, 2024
- French Inflation Faces Sharp Decline in September: CPI Records -1.3% - October 15, 2024
