From Investing.com: 2025-04-23 02:07:00

The American Petroleum Institute (API) reported a 4.565 million barrel decrease in US oil inventories for the week ending April 18. Crude oil inventories are up by over 19 million barrels this year. The Department of Energy (DoE) stated that crude oil inventories in the Strategic Petroleum Reserve rose by 500,000 barrels.

Oil prices rebounded, with Brent crude trading at $67.26 and WTI at $64.20 per barrel. Gasoline inventories decreased by 2.180 million barrels, while distillate inventories dropped by 1.640 million barrels. Cushing inventories fell by 354,000 barrels, offsetting last week’s increase. Gasoline inventories are now 1% below the five-year average.



Read more at Investing.com: Oil Prices Rise on Lower US Inventory Levels and Rebounding Demand