API: Crude Stocks Fall 2.6M Bbl on Week


   
Maria Eugenia Garcia
DTN Energy Editor

   HOUSTON, TX (DTN)-- U.S. commercial crude oil inventories fell by 2.6 
million bbl during the week ended August 28, following a 4.2 million bbl build 
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 a 1 million 
bbl build the prior week.

   Gasoline inventories rose by 300,000 bbl last week, compared with a 3.2 
million bbl build seen the previous week.

   Distillate fuel oil inventories dropped by 300,000 bbl, after a drawdown of 
500,000 bbl the prior week.




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