API: Crude Draws 9th Straight Week, Fuel Stocks Rise


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- U.S. crude oil stockpiles declined for a ninth 
consecutive week during the week ended June 19, while gasoline and distillate 
stocks rose, the American Petroleum Institute (API) reported on Tuesday (6/23).

   U.S. commercial crude oil stocks fell by 765,0000 bbl last week, extending 
the 8.33 million bbl draw reported in the previous week.

   API also cited a crude draw of 982,000 bbl at the Cushing, Oklahoma, 
delivery point for NYMEX West Texas Intermediate futures, below the 1.523 
million bbl decrease reported for the same during the prior week.

   Gasoline inventories increased by 1.238 million bbl, versus the prior build 
of 2.479 million bbl.

   Distillate fuel oil stocks rose by 1.447 million bbl, compared with the 
461,000 bbl draw seen in the prior week.




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