The American Petroleum Institute (API) estimated that crude oil inventories in the United rose by 3.34 million barrels for the week ending February 14. Analysts had expected a 2.2-million-barrel build. This adds to the almost 18 million barrels of builds in U.S. crude oil inventories during the last four weeks, including a 9 million barrel
Sotira, an AI-powered surplus inventory management platform, has raised $2 million in pre-seed funding to help brands offload and capitalize on their surplus inventory. The funding round included participation from Unusual Ventures, K5 Global, Night Capital and Soma Capital. Amrita Bhasin, co-founder and CEO of Sotira, said the company was founded to enable brands to
Crude oil inventories in the United States rose slightly this week, by 347,000 barrels for the week ending August 16, according to The American Petroleum Institute (API), after analysts predicted a 2.9 million barrel dip. For the week prior, the API reported a 5.205-million-barrel decrease in crude inventories. So far this year, crude oil inventories