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Energy Preview: API data shows US crude oil inventories down by 1.1 million barrels
09-Apr-2025 08:45

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 1.057 million barrels for the week ending April 4, after a 6.037 million barrel spike in the prior week. So far this year, crude oil inventories have climbed nearly 22 million barrels. Gasoline inventories rose in the week ending April 4, by 207,000 barrels, after falling by 1.628 million barrels in the week prior. Distillate inventories fell this week, falling by 1.844 million barrels in the latest week. In the week prior, distillate inventories fell by 11,000 barrels.

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