API storage report after markets closed Feb 13
Posted: Tue Feb 13, 2018 5:23 pm
The American Petroleum Institute (API) on Tuesday said its weekly estimates of U.S. crude stocks showed a build of 3.947 million barrels.
API also estimated that gasoline inventories rose 4.634 million barrels and distillates rose 1.095 million barrels.
Crude oil supplies at the oil storage hub of Cushing, Oklahoma, fell by 2.310 million barrels, per API.
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This is the time of year when liquids inventories must build because demand spikes in Q2. It happens every year.
API also estimated that gasoline inventories rose 4.634 million barrels and distillates rose 1.095 million barrels.
Crude oil supplies at the oil storage hub of Cushing, Oklahoma, fell by 2.310 million barrels, per API.
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This is the time of year when liquids inventories must build because demand spikes in Q2. It happens every year.