API: Crude Stocks Dip for Third Week, Gasoline Climb on Wk

DAVENPORT, FL (DTN) – The American Petroleum Institute on Tuesday (9/30) reported that U.S. crude inventories saw a third straight weekly draw during the week ended September 26, while gasoline and distillate fuel stocks increased.

U.S. commercial crude oil supply fell by 3.674 million bbl last week, while inventories at Cushing, Oklahoma, the delivery point for NYMEX West Texas Intermediate futures, declined by 693,000 bbl, according to API.

Gasoline inventories rose by 1.3 million bbl in the week ending September 26, following the prior week’s draw. Distillate fuel stocks increased by 3.003 million bbl for the week.