Bulletin
Investor Alert
×

Market Pulse Archives

March 19, 2019, 4:47 p.m. EDT

API data reportedly show a more than 2 million-barrel decline in U.S. crude supplies

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 2.1 million barrels for the week ended March 15, according to sources. The API also reportedly showed that gasoline stockpiles were down 2.8 million barrels, while distillate inventories declined by 1.6 million barrels. Inventory data from the Energy Information Administration will be released Wednesday. The EIA data are expected to show crude supplies climbed by 1 million barrels last week, according to a survey of analysts conducted by S&P Global Platts. It also shows expectations for inventory declines of 2.1 million barrels each for gasoline and distillates. April West Texas Intermediate crude was at $58.93 a barrel in electronic trading, down a dime from the $59.03 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.