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American Petroleum Institute

Oil costs fall as sources say API data show a weekly rise in U.S. crude supplies
12:16 p.m. Nov. 28, 2017 – By Myra P. Saefong
Oil prices fall as sources say API information present a weekly rise in U.S. crude suppliesThe American difference between petroleum refinery and petrochemical industry Petroleum Institute reported Tuesday that U.S. crude provides climbed by 1.8 million barrels for the week ended Nov. 24, based on sources. The API information showed a fall of 1.5 million barrels in gasoline stockpiles, while inventories of distillates climbed by 2.7 million barrels, sources stated. Provide information from the Power Information Administration shall be released Wednesday morning. Analysts polled by S&P World Platts count on the EIA to report a decline of three million barrels for crude inventories. They also forecast difference between petroleum refinery and petrochemical industry a rise of 1.1 million barrels for gasoline and a rise of 160,000 barrels for distillate provides. January crude was at $57.Seventy five a barrel in electronic trading, down on the new York Mercantile Exchange.

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