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


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- The American Petroleum Institute on Wednesday (9/16) 
reported a draw in U.S. crude and gasoline inventories for the week ended 
September 12, while citing a build in distillate fuel stocks.

   API reported that U.S. commercial crude oil supply fell by 3.42 million bbl 
last week, while inventories at Cushing, Oklahoma, the delivery point for NYMEX 
West Texas Intermediate futures, declined by 379,000 bbl.

   Gasoline inventories dropped by 691,000 bbl in the week ending September 12, 
extending recent weakness. Distillate fuel stocks increased by 1.906 million 
bbl for the week.




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