Monday, April 21, 2025

Oil prices drop

by damith
February 16, 2025 1:14 am 0 comment 249 views

Crude oil inventories in the United States saw a build of 4.1 million barrels during the week ending February 7, according to the U.S. Energy Information Administration.

Crude oil prices were trending lower on Friday prior to the crude data release by the U.S. Energy Information Administration after the American Petroleum Institute (API) reported on Tuesday a huge build of 9.043 million barrels in U.S. crude oil inventories.

Today’s build in crude inventories is in line with seasonal trends. – Oil Price.com

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