API Reports Larger-Than-Expected Drop in US Crude Inventories
In a surprising development, the American Petroleum Institute (API) has reported a significant decline in US crude oil inventories, signaling stronger-than-anticipated demand in the market. The latest data shows that crude inventories fell by 9.8 million barrels, a figure that notably surpasses market expectations. Analysts had forecasted a more moderate reduction in crude stockpiles,…
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