API: Crude Stocks Reverse to 328,000 Bbl Draw


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- U.S. commercial crude oil stocks fell by 328,000 bbl 
during the week ended August 14, reversing the 9.072 million bbl build recorded 
the previous week, the American Petroleum Institute (API) reported on Tuesday 
(8/18).

   API reported a stockpile decline of 1.438 million bbl at the Cushing, 
Oklahoma, delivery point for NYMEX West Texas Intermediate futures, reversing 
the 1.571 million bbl build reported in the prior week.

   Gasoline inventories increased by 1.076 million bbl, reversing the 1.531 
million bbl draw recorded in the previous week.

   Distillate fuel oil inventories declined by 2.797 million bbl, above the 
596,000 bbl draw reported the prior week.




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