The American Petroleum Institute (API) reported a significant increase in U.S. crude oil inventories for the week ending April 10. According to Jin10, the crude oil stockpiles rose by 6.101 million barrels, surpassing the expected decrease of 1.266 million barrels. The previous week's inventory level was recorded at 3.719 million barrels. This unexpected rise in crude oil inventories could have implications for the oil market, potentially affecting prices and supply dynamics.
