Weekly Industry Report: U.S. API Crude, Gasoline, and Refined Product Inventories Fell by at Least 4.5 Million Barrels Last Week
Data from the American Petroleum Institute (API) shows that last week, U.S. API crude oil inventories fell by 4.47 million barrels, compared to an increase of 6.101 million barrels in the previous week.
Last week, API Cushing crude inventories rose by 678,000 barrels, up from a decrease of 1.684 million barrels previously.
Last week, API finished product gasoline inventories fell by 5.165 million barrels (previously +626,000 barrels), while distillate fuel inventories dropped by 4.59 million barrels (previously -3.363 million barrels).
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