![Last week, oil inventories decreased by 1.3 million barrels](https://market-tracker.in/wp-content/uploads/2022/12/2022-06-28_180oxmxtqh-1.jpg)
Last week, oil inventories decreased by 1.3 million barrels
The API stated Wednesday that U.S. oil stockpiles decreased for a second consecutive week, just as many people were beginning to worry about the demand picture due to an increase in COVID-19 cases in China. Following the release of the data, West Texas Intermediate, the U.S. benchmark, traded at $78.78 per barrel after closing down…