API: Crude Stocks Draw by 2.6M Bbl, Gasoline Builds


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- U.S. commercial crude oil stocks decreased by 2.6 
million bbl during the week ended August 28, following the 4.2 million bbl 
build recorded the previous week, the American Petroleum Institute (API) 
reported on Tuesday (9/1).

   API reported a stockpile increase of 200,000 bbl at the Cushing, Oklahoma, 
delivery point for NYMEX West Texas Intermediate futures, following the 1 
million bbl build reported in the prior week.

   Distillate fuel oil inventories fell by 300,000 bbl, adding to the 500,000 
bbl draw reported the prior week.

   Gasoline inventories went the other way, increasing by 300,000 bbl, 
following the 3.2 million bbl draw recorded in the previous week




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