API: Crude Stocks Post Larger-than-Expected 10.1M Bbl Draw


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- The American Petroleum Institute today reported a 
larger-than-expected draw in U.S. commercial crude oil inventories, with 
stockpiles falling 10.133 million bbl for the week ended June 14. Analysts had 
expected a draw of just 600,000 bbl. 

   In refined products, gasoline inventories slipped by 202,000 bbl, while 
distillate stockpiles, which include diesel and heating oil, rose by 318,000 
bbl. At the Cushing, Oklahoma, storage hub, crude inventories declined by 
800,000 bbl. 

   The report precedes official data from the Energy Information Administration 
due tomorrow, Wednesday, at 10:30 a.m. EDT. 

    




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