Crude Oil News Update for Today
Crude Oil News Update for Today
CRUDE OIL: The American Petroleum Institute said late on Tuesday that U.S. crude oil stockpiles rose by 4.6 million barrels to 457.8 million barrels in the week to Sept. 25. Analysts polled by Reuters had expected an increase of only 102,000 barrels.
U.S. crude oil production should continue on its decline with falling rig counts," Ang said.
Today's session may have added volatility due to the close of September and third-quarter trading, according to some analysts.
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