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The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 4.3 million barrels for the week ended April 23, according to sources. The data also reportedly showed gasoline stockpiles down by 1.3 million barrels, while distillate inventories declined by 2.4 million barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, were up by 742,000 barrels for the week, sources said.
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Elon Musk said Tesla Inc. sold 10% of its Bitcoin holdings to demonstrate the token’s liquidity, while adding that he’s retained his personal investment in the cryptocurrency.
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Iran has banned the energy-intensive mining of cryptocurrencies such as Bitcoin for nearly 4 months, President Hassan Rouhani said on Wednesday, as the country faces major power blackouts in many cities.
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