API: Crude Stocks Fall 6.5M Bbl on Week


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- U.S. crude oil inventories declined for a third 
straight week during the week ended October 31, with gasoline and distillate 
fuel stocks posting sharp draws as well, the American Petroleum Institute 
reported on Tuesday (11/04).

   U.S. commercial crude oil supply fell by a net 6.5 million bbl last week, 
following the 4-million bbl decrease the prior week.
This was after inventories at Cushing, Oklahoma, the delivery point for NYMEX 
West Texas Intermediate futures, rose by 364,000 bbl, adding to the 1.7 million 
bbl build of the previous week.

   Gasoline inventories dropped by 5.6 million bbl, extending the 6.3 million 
bbl draw of the prior week.
Distillate fuel stocks also fell, by 2.5 million bbl after the 4.4 million bbl 
decrease of the prior week.

    




(c) Copyright 2025 DTN, LLC. All rights reserved.