Houston, July 10 (IANS) The American Petroleum Institute (API) on Tuesday reported a decrease of 8.129 million barrels in the US crude oil inventories for the week ending July 5.
In the previous week ending June 28, API reported a decrease of 5 million barrels of crude oil inventories, while the US Energy Information Administration (EIA) reported a decline of 1.1 million barrels for the same period, the Xinhua news agency reported.
Oil prices finished slightly higher on Tuesday as tensions in the Middle East bolstered the market while the gains were trimmed by concerns over a possible slowdown in energy demand.
The West Texas Intermediate for August delivery climbed 17 cents to settle at $57.83 a barrel on the New York Mercantile Exchange, while Brent crude for September delivery rose 5 cents to close at 64.16 dollars a barrel on the London ICE Futures Exchange.
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
