API Reports Crude, Refined Product Stocks Higher on Week

    

   OAKHURST, N.J. (DTN) -- The American Petroleum Institute this afternoon 
reported a build in U.S. commercial crude oil inventory during the week-ended 
Jan. 17, while detailing another weekly build in gasoline and distillate 
supplies.

   API reported commercial crude oil supplies increased 1.57 million bbl in the 
week profiled versus calls for a 2 million bbl draw, while at the Cushing, 
Oklahoma-hub crude stocks fell 429,000 bbl last week.

   Gasoline supply posted a 4.5 million bbl build in the week profiled compared 
with an estimated 4.1 million bbl build and distillate stockpiles rose 3.5 
million bbl versus calls for an increase of 2.1 million bbl.

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