API: Crude Stocks Rise 3rd Straight Week, Up 6.556M Bbl


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) --- The American Petroleum Institute (API) has cited a 
third consecutive weekly build in commercial crude oil stocks in its reading 
for the week ended March 13, energy market participants who had seen the data 
told DTN on Tuesday (3/17).

   The API reported that commercial crude oil stocks rose by 6.556 million bbl 
for the week in review, adding to back-to-back builds of 5.6 million bbl and 
11.4 million bbl over two prior weeks.

   No updates were immediately available on weekly crude stocks at the Cushing, 
Oklahoma delivery point for NYMEX WTI futures, or balances for gasoline and 
distillates that the API also reports on.

   In its last report for the week ended March 6, the API said Cushing crude 
stocks climbed by 1.5 million bbl, adding to a prior build of 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.




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