API: U.S. Crude, Gasoline, Distillate Stocks Rise Last Wk


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- U.S. crude oil, gasoline and distillate inventories 
rose during the week ended November 14, marking a build for the third straight 
week, the American Petroleum Institute reported on Wednesday (11/18).

   U.S. commercial crude oil supply increased by 4.4 million bbl in the 
profiled week, adding to back-to-back prior weekly builds of 1.3 million and 
6.5 million bbl.

   The crude build for last week was despite inventories easing by 800,000 bbl 
at the Cushing, Oklahoma delivery point for NYMEX West Texas Intermediate 
futures. The Cushing hub saw a 43,000 bbl decline the previous week.

   Gasoline inventories rose by 1.5 million bbl, following a 270,000 bbl draw 
the prior week.

   Distillate fuel stocks rose by 600,000 bbl, after the previous weekly rise 
of 944,000 bbl.




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