API: Crude Stocks Build by 4.2M Bbl on Week


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- U.S. commercial crude oil stocks increased by 4.2 
million bbl during the week ended August 21, following the 328,000 bbl draw 
recorded the previous week, the American Petroleum Institute (API) reported on 
Tuesday (8/25).

   API reported a stockpile increase of 1 million bbl at the Cushing, Oklahoma, 
delivery point for NYMEX West Texas Intermediate futures, following the 1.438 
million bbl draw reported in the prior week.

   Gasoline inventories declined by 3.2 million bbl, following the 1.076 
million bbl build recorded in the previous week.

   Distillate fuel oil inventories fell by 500,000 bbl, below the 2.797 million 
bbl draw reported the prior week.




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