American Petroleum Institute

American Petroleum Institute News

• WTI Trades Near Four-Week Low as Supplies Gain Before OPEC Meets

  West Texas Intermediate crude traded near the lowest price in four weeks after an industry report showed U.S. stockpiles rose the most in a month. The oil market is balanced, Saudi Arabia said before OPEC meets tomorrow.

• TOP Oil Market News: WTI Crude Declines to Lowest in Four Weeks

  The following is a selection of the most important news affecting the oil market.

• Crude Falls to Four-Week Low on Fed Stimulus Concern

  West Texas Intermediate crude fell to a four-week low on concern that the Federal Reserve will cut debt purchases as the economy of the world’s biggest oil- consuming nation strengthens.

• Oil Inventories Climbed to Three-Decade High Last Week, API Says

  Oil supplies rose to the highest level in more than three decades as they climbed 4.4 million barrels to 395.1 million last week, the American Petroleum Institute said.

• WTI Falls From Weekly High as OPEC Signals Stable Output

  West Texas Intermediate crude fell before data likely to show a decline in U.S. gasoline stockpiles as OPEC delegates in Vienna indicated the group will leave its output target unchanged at this week’s meeting.

• WTI Fluctuates Near One-Week High as Stockpiles Seen Shrinking

  West Texas Intermediate swung between gains and losses near the highest price in a week before data that may show U.S. crude stockpiles shrank. OPEC will probably keep its output quota unchanged this week.

• U.S. April Gasoline Use Fell From Year Earlier, API Says

  U.S. gasoline consumption in April dropped to the lowest level for the month in 13 years, the American Petroleum Institute said.

• Gasoline Falls After API Reports Supplies Rose Last Week

  Gasoline fell after the industry- funded American Petroleum Institute reported that U.S. inventories rose last week.

• WTI Crude Drops a Second Day as U.S. Supplies Gain a Fourth Week

  West Texas Intermediate fell for a second day after industry data showed U.S. inventories rose for a fourth week, the longest run of gains since February. China’s oil stockpiles climbed for a second month.

• Crude and Product Stockpiles Gained Last Week, API Says

  Oil supplies advanced 532,000 barrels to 390.7 million, the American Petroleum Institute said.

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