By Srinivas Chowdary Sunkara // petobazaar // 27-12-17
API WEEKLY STATISTICAL BULLETIN FOR THE WEEK ENDING 22-12-17.
As per the latest U.S weekly crude stock report of American Petroleum Institute, Crude oil stocks slid by 6 million barrels for the week ended 22/12, against the estimated 3.75 million barrels, Marking for fourth straight weekly drop. However gasoline stocks are reported to be gained of 3.1 million barrels while distillates rose by 2.8 million barrels. Supplies at the crude hub in Cushing, Oklahoma were down 1.3 million barrels, versus forecasts for a decline of 590,000. EIA report will be followed.