API: U.S. Crude, Gasoline Stocks Extend Build


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- U.S. commercial crude oil stockpiles increased for a 
second consecutive week during the week ended July 24, according to data 
published Tuesday (7/28) from the American Petroleum Institute.

   Crude inventories rose by 3.296 million bbl, expanding on the 2.603 million 
bbl build reported in the previous week.

   At the Cushing, Oklahoma, delivery point for NYMEX West Texas Intermediate 
futures, crude stocks increased by 273,000 bbl to reverse a 737,000 bbl draw.

   Gasoline stockpiles added 918,000 bbl during the profiled week, moving 
higher after a 1.379 million bbl draw in the prior week.

   Distillate fuel stocks fell by 125,000 bbl last week, reversing the 1.759 
million bbl increase recorded during the previous period.




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