Oil
API Shows Sharp Build in US Crude Oil, Distillate Inventories
CEII brief
OilPrice.com reported on 10 Nov 2026: API Shows Sharp Build in US Crude Oil, Distillate Inventories.
Read the full story on OilPrice.comThe American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 9.0 million barrels in the week ending November 6. In the week prior, US crude oil inventories fell by 5.267 million barrels.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
17.3% of United States’s merchandise exports were fuels in 2025Countries in this story
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