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Pre Session Commentary - Detailed News

Energy Preview: WTI Crude Oil Extends Decline As API Reports Build In US Stockpiles
27-Mar-24   08:33 Hrs IST

WTI crude oil extended slide on Wednesday and is down almost 1% on the day, quoting at $80.85 per barrel after API reported large build in US crude inventories. Crude oil inventories in the United States rose by 9.337 million barrels for the week ending March 22, according to The American Petroleum Institute (API). The API reported a 1.519-million-barrel drop in crude inventories in the week prior. Meanwhile, gasoline inventories fell last week by 4.437 million barrels after falling by 1.574 million barrels in the week prior.

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