Crude oil futures ended lower on Thursday after data from the American Petroleum Institute showed an increase in U.S. crude stockpiles last week. The American Petroleum Institute report showed an unexpected 2.6 million-barrel build in US commercial crude inventories in the week ended January 15, contrary to predictions for a fall of 1.2 million barrels. The weekly inventory data from US Energy Information Administration will be out on Friday, two days later than usual due to holiday on Monday for Martin Luther King Jr. Day and the presidential inauguration on Wednesday.
Crude oil futures for March fell $0.18 or 0.3 percent to settle at $53.13 barrel on the New York Mercantile Exchange. March Brent crude lost $0.03 to settle at $ 56.05 a barrel on London's Intercontinental Exchange.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: