API: Crude, Gasoline Build; Distillates End 9-Week Rise


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- U.S. crude oil stockpiles increased for a third 
consecutive week, while gasoline inventories posted another build and 
distillate stocks recorded a modest draw, snapping a nine-week streak of 
increases, according to inventory data released by the American Petroleum 
Institute (API) on Wednesday (1/21).

   U.S. commercial crude oil stocks rose by 3 million bbl during the week, 
easing from the 5.27 million bbl build reported the previous week.

   The crude inventory build for the profiled week was accompanied by a 1.2 
million bbl rise at the Cushing, Oklahoma, delivery point for NYMEX West Texas 
Intermediate futures, accelerating from a 945,000 bbl increase recorded the 
prior week.

   Gasoline inventories increased by 6.2 million bbl, slowing from the 8.23 
million bbl build reported a week earlier.

   Distillate fuel oil stocks edged lower by 33,000 bbl, reversing last week's 
4.34 million bbl build and ending a nine-week stretch of inventory increases.




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