API: Crude Stocks Fall for 10th Straight Week


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- U.S. crude oil stockpiles declined for a 10th 
consecutive week during the week ended June 26, while gasoline inventories also 
fell and distillate stocks increased, the American Petroleum Institute (API) 
reported on Tuesday (6/30).

   U.S. commercial crude oil stocks fell by 6.072 million bbl last week, above 
the 765,000 bbl draw reported in the previous week.

   API reported a crude inventory build of 503,000 bbl at the Cushing, 
Oklahoma, delivery point for NYMEX West Texas Intermediate futures, reversing 
the 982,000 bbl draw seen during the prior week.

   Gasoline inventories declined by 2.106 million bbl, following a 1.238 
million bbl increase the previous week.

   Distillate fuel oil stocks rose by 2.9 million bbl, above the 1.447 million 
bbl increase reported last week.

    




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