U.S. Crude Oil Inventories Continue To Build ...Middle East

Crude oil inventories in the United States saw another significant increase, with a 6.203 million barrel increase last week, the American Petroleum Institute (API) data showed on Tuesday, bringing the total number of barrels gained so far this year to nearly 59 million barrels. This week, SPR inventory held steady for the seventh week in a row at 371.6 million barrels—the lowest amount of crude oil in the SPR since December 1983. But the Biden Administration previously announced that there would be further releases from the SPR in the amount…

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