The API’s weekly crude stock report is a key indicator of US petroleum demand. If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices.

Akamai Technologies has trailed the broader market over the past year, and Wall Street analysts maintain a cautious stance on ...

To conclude, the latest API weekly crude stock report has shown a decrease in crude inventories, falling below the forecasted number and significantly below the previous week’s figure. This suggests a ...