API: Crude Stocks Rise 5.6M Bbl on Wk; Gasoline Down


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) --- The American Petroleum Institute (API) cited a second 
consecutive weekly build in commercial crude oil stocks for last week in a 
report Wednesday (3/3) that also noted higher balances for distillates versus a 
drop in gasoline.

   Ther API said commercial crude oil stocks rose by 5.6 million bbl during the 
week ended February 27, adding to the 11.4 million bbl jump from the week prior.

   Separately, stocks at the Cushing, Oklahoma delivery point for NYMEX WTI 
futures, climbed by 1.5 million bbl, aligning with the latest crude build. In 
the previous week, Cushing stocks went up by 1.79 million bbl.

   Gasoline balances declined by 3.3 million bbl, extending the previous weekly 
drop of 1.53 million bbl.

   Distillates supply rose by 516,000 bbl after a prior drop of 2.77 million 
bbl.




(c) Copyright 2026 DTN, LLC. All rights reserved.