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U.S. crude inventories post surprise 851K-barrel build, API says

Published 06/27/2017, 05:08 PM
© Reuters.  U.S. crude inventories post surprise 851K-barrel build, API says
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  • The API reports a build of 851K barrels in U.S. crude oil supplies for the week ending June 23, vs. last week's draw of 2.72M barrels.
  • The market generally expected a decline in weekly crude inventories as Tropical Storm Cindy disrupted production in the Gulf of Mexico last week.
  • Gasoline showed a build of 1.35M barrels; distillates showed a build of 678K barrels.
  • U.S. crude oil price pare gains following the data, +0.8% at $43.72/bbl.
  • ETFs: USO, OIL, UWT, UCO, DWT, SCO, BNO, DBO, UGA, DTO, USL, DNO, OLO, SZO, UHN, OLEM, OILK, WTIU, OILX, WTID, USOI
  • Now read: Energy Recap: Diving Into Energy Week

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