This decrease in crude oil inventories is indicative of a greater demand for oil, a trend that is generally bullish for crude prices. The API’s weekly crude stock report serves as a crucial indicator ...
The API’s weekly crude stock report is a key indicator of US petroleum demand. If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices.
(The Center Square) – The American Petroleum Institute (API) said Tuesday it now opposes legislation that would allow year-round sales of E15 gasoline, citing dramatic changes in market conditions ...