Investing.com - US crude stockpiles possibly fell as much as 4.4 million barrels last week, suggesting exports had picked up again after a slack in the previous week that led to a huge build, petroleum trade group API reported Tuesday.
Typically at this time of year, demand for fuels is softer in the United States as fewer families do trip roads with their children back in school or college. But with the refinery industry on seasonal maintenance, larger-than-usual declines in fuel stocks are also common with limited replenishments coming in.fell by 4.383M barrels during the week ended Oct. 13, according to the API. That contrasted with a 12.94M jump in the prior week to Oct. 6 led largely by a sharp decline in exports.
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