Prices of oil futures rose on Wednesday after the American Petroleum Institute (API) reported that the United States oil inventories shrank by 6.08 million barrels in the week ending April 21. This decline is much more than analysts predicted, Reserves in Cushing, Oklahoma, were reported to have gone up by 0.46 million barrels. The stockpile of distillates advanced by 1.69 million barrels. On the other hand, the inventories of gasoline allegedly decreased by 1.92 million barrels. Meanwhile, Russian Deputy Prime Minister Alexander Novak revealed that 20% of the oil that Europe had been receiving from his country is now being redirected to Asia, especially to India and China.: NN BlackMask Pod Cast:
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