Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
19 January 2023 | Other

API: US crude oil inventories rose by more than 7 million barrels over week

Brent
WTI Light Crude Oil

The market's expectations of a decline in crude stocks were refuted. On Wednesday, trade group API reported last week's increase in U.S. crude inventories. The gain amounted to several million barrels. 

According to the American Petroleum Institute (API), oil reserves added 7.6 million barrels over the week. Earlier it was 14,865 million barrels.

The API posts approximate figures of the upcoming official data from the U.S. Energy Information Administration (EIA). The exact statistics are to be published this Thursday.

The EIA is expected to report a 593,000 barrel decline in fuel reserves compared to last week's 18.962 million barrel increase.

A reduction in black gold reserves usually leads to an increase in oil prices and vice versa.

Company MarketCheese

Recommended

United States. API Weekly Crude Oil Stock. The value of the indicator has increased from 1.3M to 4.4M
1 hour ago
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has increased from 548 to 549
14 November
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has increased from 414 to 417
14 November
United States. Cushing Crude Oil Inventories. The value of the indicator has decreased from 0.3M to -0.346M
13 November
United States. Crude Oil Inventories. The value of the indicator has increased from 5.202M to 6.413M
13 November
Top news
European Union. GDP (QoQ). The value of the indicator remained at the same level of 0.2%
14 November
European Union. Trade Balance. The value of the indicator has increased from 1.9B to 19.4B
14 November
United Kingdom. BoE Interest Rate Decision. The value of the indicator remained at the same level of 4%
6 November
European Union. Retail Sales (MoM). The value of the indicator remained at the same level of -0.1%
6 November
Australia. RBA Interest Rate Decision. The value of the indicator remained at the same level of 3.6%
4 November
All news

Forecasts

BTCUSD buy
Period: 25.11.2025 Expectation: 4500 pips
Buying Bitcoin when consolidating above $89,000
Technical analysis FA Other TA Other Indicators Fundamental analysis
Today at 11:56 AM 19
Lyra_Moonwell1
AUDUSD buy
Period: 28.11.2025 Expectation: 500 pips
Strong support at 0.648 holds AUDUSD drawdown in check
Chart analysis Hot news Indicators
Today at 10:12 AM 26
Tom_Kern
GBPUSD buy
Period: 21.11.2025 Expectation: 650 pips
Buying GBPUSD on higher UK inflation
Indicators and reports Chart analysis
Today at 08:56 AM 18
Bruce_Powers
Tesla Inc sell
Period: 25.11.2025 Expectation: 1800 pips
Selling Tesla stock amid profit-taking in tech sector
Indicators and reports Technical analysis FA Other Indicators Fundamental analysis
Today at 06:25 AM 18
Emily_Foster
Gold buy
Period: 24.11.2025 Expectation: 14650 pips
Gold levels off after retreat from local high
Technical analysis FA Other Chart analysis Indicators Fundamental analysis
Yesterday at 11:46 AM 80
Lyra_Moonwell1
Silver sell
Period: 28.11.2025 Expectation: 4000 pips
Double top could bring silver back to $47
FA Other Chart analysis Indicators
Yesterday at 11:08 AM 38
Tom_Kern
Go to forecasts