Bulletin
Investor Alert

New York Markets Open in:

×

Market Pulse Archives

July 16, 2019, 4:40 p.m. EDT

API data reportedly show a 1.4 million-barrel decline in U.S. crude stocks

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

By Myra P. Saefong

The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 1.4 million barrels for the week ended July 12, according to sources. The API also reportedly showed a stockpile decline of 476,000 barrels for gasoline, but distillate inventories jumped by 6.2 million barrels. Inventory data from the Energy Information Administration will be released Wednesday. The EIA data are expected to show crude inventories down by 4.2 million barrels last week, according to analysts polled by S&P Global Platts. They also forecast a fall of 1.5 million barrels for gasoline and an increase of 300,000 barrels for distillate supplies. August West Texas Intermediate crude was at $57.50 a barrel in electronic trading, down from the contract's $57.62 settlement on the New York Mercantile Exchange.

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.