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U.S. crude supply rose 4.1M barrels last week, API says

Sep. 28, 2021 5:05 PM ETCrude Oil Futures (CL1:COM), USO ETFBy: Carl Surran, SA News Editor13 Comments

Data analyzing in commodities energy market: the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.
SlavkoSereda/iStock via Getty Images

  • The American Petroleum Institute reportedly shows a surprise build of 4.12M barrels of oil for the week ending September 24.
  • Gasoline inventories reportedly show a build of 3.55M barrels, distillate inventories show a build of 2.48M

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Comments (13)

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Djreef1966 profile picture
I think they just invent these numbers every week.
@Djreef1966 all about the mythic “adjustment”
E&P production must be increasing causing a build in crude and back to school marked the end of the summer driving season.
We've had crude stock falls for a number of weeks. Can't go on forever.

Of course there has to be a build at some point.
Hmmm. I wonder how this happened. Did we have really low Refinery throughputs?

Timing mismatches are usually the cause of weird reports. Let’s see how EIA looks.
Djreef1966 profile picture
@simonthecat The hurricane will probably be blamed.
@simonthecat I'm sure that it's a direct result of the Hurricane season.
Rarely do you see builds in all 4 categories. Interesting.
Up 4.1 & down 4.5 in the same week - wow! confusing info. causes confusion - as per WH propaganda (press sec.). Cheers!
PS. Oil p range 75-80, with upside to 85 by y end. N Gas (US) 5-6 with upside. LQ sky is limit.
@jupenya exactly
So energy crisis also over?
Foolerene profile picture
@devron2 Of course not, it's just the beginning. They want to calm down the plebs. Simply google "Brits Throw Punches Over Petrol Crisis" ...

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