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According to the latest monthly statistical report of the American Petroleum Institute (API), the daily demand for oil in the United States, led by motor gasoline, distillates and refinery feedstocks, increased to 20.
8 million barrels in August, an increase of 250,000 barrels
from July.
API said in the report that this was the strongest demand in any month since August 2007, reflecting strong economic growth, industrial activity and consumer confidence
.
As of August this year, U.
S.
oil demand averaged 20.
3 million barrels
per day.
That's nearly 500,000 barrels
per day more than in the first eight months of 2017.
According to the latest monthly statistical report of the American Petroleum Institute (API), the daily demand for oil in the United States, led by motor gasoline, distillates and refinery feedstocks, increased to 20.
8 million barrels in August, an increase of 250,000 barrels
from July.
API said in the report that this was the strongest demand in any month since August 2007, reflecting strong economic growth, industrial activity and consumer confidence
.
As of August this year, U.
S.
oil demand averaged 20.
3 million barrels
per day.
That's nearly 500,000 barrels
per day more than in the first eight months of 2017.
