The American Petroleum Institute (API) has indicated a substantial drop in crude oil inventories, with a decrease of 4.57 million barrels recorded last week. This data comes ahead of the API's regular Weekly Statistical Bulletin, typically published on Tuesday afternoons.
In addition to crude oil, gasoline inventories also experienced a notable reduction, falling by 2.18 million barrels. This information, as reported by Bloomberg from knowledgeable sources, highlights ongoing shifts in the supply of these critical energy resources.
