:: Reports --- ID :: 14613
API reported another draw in U.S crude stocks
countering with gasoline build

By Srinivas Chowdary Sunkara // petrobazaar // 20-12-2017

API WEEKLY STATISTICAL BULLETIN FOR THE WEEK ENDING 15-12-17

As per the latest U.S weekly crude stock report of American Petroleum Institute, Crude oil Inventories are drawn for third continuous week. Report says that 5.222M of crude stocks have fallen against the estimated draw of 3.2M, marking for third biggest weekly draw. API is reporting another build in gasoline inventories at 2.001 Million barrels while distillate inventories saw a draw of 2.85 million barrels against a forecast of a 1.327 Million barrels draw. EIA report is due to be released on Wednesday.