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6 May | Oil

United States. API Weekly Crude Oil Stock. The value of the indicator has decreased from 3.76M to -4.49M

Brent
WTI Light Crude Oil

A report on this calendar event is released weekly by the American Petroleum Institute.

The presented indicator assesses how the country's crude oil reserves have changed over the reporting period.

The growth of crude oil reserves entails a decrease in demand and, as a result, a decrease in the price of oil.

The data is published hours before the official statistics are released by the U.S. Energy Information Administration.

Comments by the MarketCheese analysts: a decrease of the indicator value may contribute to the rise in quotes of WTI, Brent.

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