stocks possibly rose by nearly 13 million barrels last week in what could be the highest build since February, petroleum trade group API reported Tuesday.
A huge build was also seen in gasoline inventories for a second week in a row, the weekly inventory report from the American Petroleum Institute showed.rose by 12.94M barrels during the week ended Oct. 6, according to the API, after a decline of 4.21M in the prior week to Sept. 29.— the No. 1 US fuel product — rose by 3.645M, adding to the previous week’s gain of 3.946M, API said.
But inventories of distillates — a feedstock for diesel and heating fuel — fell by 3.535M compared with the prior week’s build of 0.349M.for US crude, versus the previous week’s rise of 0.705M. That prior week build was the first in months at Cushing. The API data serves as a precursor to official inventory data on the same due from the US Energy will also be removed; self-promotional material or business-related solicitations or PR , and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
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