‎API: US crude inventories rise 1.019M barrels

‎API: US crude inventories rise 1.019M barrels ‎API: US crude inventories rise 1.019M barrels

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Gasoline stockpiles increased by 2.991 million barrels, while distillate inventories fell by 286,000 barrels

US commercial crude oil inventories increased in the week ended Sept. 25, according to estimates from the American Petroleum Institute (API), alongside a rise in gasoline stockpiles.

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The API said in a report released Tuesday that commercial crude inventories rose by 1.019 million barrels last week.

Gasoline inventories increased by 2.991 million barrels over the same period, while distillate stockpiles — including diesel and heating oil — fell by 286,000 barrels.

Official data from the US Energy Information Administration (EIA) are due Wednesday, with estimates pointing to a 200,000-barrel decline in commercial crude inventories.

At Tuesday’s settlement, benchmark Brent crude futures for November delivery fell 2.56% to $102.59 a barrel, while US Nymex crude futures dropped 3.48% to $89.38 a barrel.

 

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Gasoline stockpiles increased by 2.991 million barrels, while distillate inventories fell by 286,000 barrels

US commercial crude oil inventories increased in the week ended Sept. 25, according to estimates from the American Petroleum Institute (API), alongside a rise in gasoline stockpiles.

The API said in a report released Tuesday that commercial crude inventories rose by 1.019 million barrels last week.

Gasoline inventories increased by 2.991 million barrels over the same period, while distillate stockpiles — including diesel and heating oil — fell by 286,000 barrels.

Official data from the US Energy Information Administration (EIA) are due Wednesday, with estimates pointing to a 200,000-barrel decline in commercial crude inventories.

At Tuesday’s settlement, benchmark Brent crude futures for November delivery fell 2.56% to $102.59 a barrel, while US Nymex crude futures dropped 3.48% to $89.38 a barrel.

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