HomeNewsBusinesscommoditiesUS crude stocks rise by 8 million barrels in latest week: Report

US crude stocks rise by 8 million barrels in latest week: Report

Crude inventories rose by 8.4 million barrels in the week to May 1 to 518.6 million barrels, compared with analysts' expectations for a build of 7.8 million barrels.

May 06, 2020 / 08:01 IST
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US crude oil and distillate stocks rose while gasoline stocks fell, data from industry group the American Petroleum Institute showed on Tuesday.

Crude inventories rose by 8.4 million barrels in the week to May 1 to 518.6 million barrels, compared with analysts' expectations for a build of 7.8 million barrels.

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Crude stocks at the Cushing, Oklahoma, delivery hub rose by 2.7 million barrels, API said.

Refinery crude runs rose by 197,000 barrels per day, API data showed.

COVID-19 Vaccine
Frequently Asked Questions

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How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

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