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API estimates show 2.7 million crude build last week

Published 10/12/2016, 06:36 PM
Updated 10/12/2016, 06:38 PM
© Reuters.  API estimates show crude build

Investing.com - The American Petroleum Institute (API) late Wednesday said crude inventories rose by 2.7 million barrels last week, following a 7.6 million draw in the previous report and that capped substantial inventory draws for the previous three weeks.

A draw of 1.35 million barrels was reported at Cushing and distillates fell by 4.5 million barrels, Gasoline inventories rose by 700,000 barrels.

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