API: Crude, Product Inventories Continue to Draw

API: Crude, Product Inventories Continue to Draw

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 4.93 million barrels in the week ending October 16. In the week prior, US crude oil inventories fell by a staggering 11.12 million barrels. Commercial crude oil inventories excluding the SPR have lost more than 56 million barrels over the last 27 weeks, but US crude inventories are still only 5 million barrels below where they were at the beg…

WTI Flat After Another Crude Draw, Distillates Stocks At Seasonal Record Lows

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API Estimates U.S. Crude Stocks Fell 4.93 Million Barrels

The draw was smaller than the prior week’s 11.12 million barrels; Cushing crude inventories rose 900,000 barrels.

US crude oil, gasoline and distillate inventories decline

WASHINGTON: US crude oil inventories fell by 4.9 million barrels during the week, while gasoline stocks decreased by around 2 million barrels. Distillate inventories, which include diesel and heating oil, also declined by approximately 2.6 million barrels compared with the previous week. Read MoreSalamAir signs Amadeus distribution agreement to accelerate global expansionOman crude oil price …

US oil inventories reportedly down by 4.9M barrels

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