Sources:API reports Crude Supply Unexpectedly Rose Last Wk
9/25 3:42 PM
Sources:API reports Crude Supply Unexpectedly Rose Last Wk OAKHURST, N.J. (DTN) --- The American Petroleum Institute reported U.S. commercial crude oil supplies unexpectedly increased during the week-ended Sept. 21 while gasoline inventories gained and distillate stockpiles posted a surprise draw. API reported crude supplies rose 2.903 million bbl during the week profiled with supply at the Cushing, Oklahoma hub up 260,000 bbl. Supply changes at the Cushing hub are closely watched since it serves as the delivery location for the New York Mercantile Exchange West Texas Intermediate futures contract. Trade sources said API data shows gasoline inventories rose 949,000 bbl and distillate supply dropped 944,000 bbl. (c) 2018 DTN. All rights reserved.