API: Gasoline, Distillate Stocks Post 9-Week Rise, Crude Up


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- U.S. crude oil stockpiles increased for a second 
straight week, while gasoline and distillate inventories recorded a ninth 
weekly build, according to inventory data released by the American Petroleum 
Institute (API) on Tuesday (1/13).

   U.S. commercial crude oil stocks rose by 5.27 million bbl during the week, 
more than three times the 1.7 million bbl  reported the previous week.

   The crude inventory build for the profiled week was accompanied by a 945,000 
bbl rise at the Cushing, Oklahoma, delivery point for NYMEX West Texas 
Intermediate futures, following an 800,000 bbl increase recorded the prior week.

   Gasoline inventories surged by 8.23 million bbl, sharply accelerating from 
the 6.2 million bbl build reported a week earlier.

   Distillate fuel oil stocks posted a fourfold weekly increase, rising by 4.34 
million bbl, compared with a 1 million bbl increase last week. 

    




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