The American Petroleum Institute (API) on Tuesday reported an increase of 1.335 million barrels of crude oil in U.S. inventories for the week ending Nov. 10.
Analysts were expecting a surge of 1.400 million barrels for the week.
The API reported a hike of 11.900 million barrels in the previous week.
Oil prices settled flat on Tuesday. The West Texas Intermediate for December delivery closed flat and settled at 78.26 U.S. dollars a barrel on the New York Mercantile Exchange.
Craven Post is a global leader in the online news. We seek to inform and engage with our readers. Staffed 24 hours, seven days a week by a dedicated team around the globe, we deliver news from journalists around the world. We are contrarian truth-seekers and truthtellers. We are journalists united by a mission to inform and engage with our readers.
We bear witness to history as it unfolds and explain not just what happened, why it happened and what it means to our readers and the public.
We are contrarian, we are committed to the news, speaking truth to power.© Craven Post 2022
 on Tuesday reported an increase of 1.335 million barrels of crude oil in U.S. inventories for the week ending Nov. 10.){kind=link}