API: Crude, Gasoline Stocks Fell, Distillates Rose Last Week

DAVENPORT, FL (DTN) – The American Petroleum Institute on Tuesday (9/23) reported a draw in U.S. crude and gasoline inventories for the week ended September 19, while citing a build in distillate fuel stocks.

API reported that U.S. commercial crude oil supply fell by 3.82 million bbl last week, while inventories at Cushing, Oklahoma, the delivery point for NYMEX West Texas Intermediate futures, rose by 72,000 bbl.

Gasoline inventories dropped by 1.05 million bbl in the week ending September 19, reversing the prior week’s increase. Distillate fuel stocks rose by 1.91 million bbl for the week.