Bulletin
Investor Alert

Market Pulse Archives

April 7, 2020, 4:47 p.m. EDT

API data reveal a weekly climb of nearly 12 million barrels in U.S. crude supplies, sources say

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Crude Oil May 2020 (CLK20)

or Cancel Already have a watchlist? Log In

By Myra P. Saefong

CLK20

The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 11.9 million barrels for the week ended April 3, according to sources. The API data also reportedly showed gasoline stockpiles up by almost 9.5 million barrels, while distillate inventories declined by 177,000 barrels. Inventory data from the Energy Information Administration will be released Wednesday. The EIA data are expected to show crude inventories rose by 8.4 million barrels last week, according to analysts polled by S&P Global Platts. They also forecast a supply rise of 5.4 million barrels for gasoline, while distillates stocks are seen down by 500,000 barrels. May West Texas Intermediate crude /zigman2/quotes/209724760/delayed CLK20 -8.67% was at $24.36 a barrel in electronic trading, up from its settlement at $23.63 Tuesday on the New York Mercantile Exchange.

/zigman2/quotes/209724760/delayed
US : U.S.: Nymex
$ 10.01
-0.95 -8.67%
Volume: 0.00
April 21, 2020 2:29p
loading...

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

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.