API: U.S. Crude, Gasoline, Distillate Stocks All Rise


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- U.S. crude oil inventories climbed last week, 
reversing the prior week's decline, while stockpiles of gasoline and 
distillates rose too, according to American Petroleum Institute (API) data 
released late Tuesday (12/2). 

   U.S. commercial crude oil stocks increased by 2.48 million bbl during the 
week ended November 28, according to API data. The build follows the prior 
weekly decline of 1.9 million bbl reported by API.

   The crude gain for the profiled week contrasts with an 890,000 bbl drop at 
the Cushing, Oklahoma delivery point for NYMEX West Texas Intermediate futures. 
The decline at Cushing adds to the prior weekly deficit of 300,000 bbl at the 
hub.

   Gasoline inventories rose by 3.1 million bbl, following a 500,000 bbl build 
the prior week.

   Distillate fuel oil stocks surged by 2.88 million bbl, after the previous 
weekly rise of 800,000 bbl.

    




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