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U.S. crude supply rose 9.9M barrels last week, API says

Published 10/23/2018, 05:05 PM
© Reuters.  U.S. crude supply rose 9.9M barrels last week, API says
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  • The American Petroleum Institute reportedly shows a build of 9.88M barrels of oil for the week ending Oct. 19, vs. a draw of 2.13M barrels in the previous week.
  • The crude build would be largest since February 2017 if confirmed tomorrow by the government's EIA report.
  • Gasoline inventories reportedly show a draw of 2.8M barrels and distillate inventories show a draw of 2.4M barrels; the Cushing, Okla., hub reportedly shows a build of 970K barrels.
  • Nymex December crude recently was at $66.08/bbl in electronic trading, below today's $66.43 settlement price.
  • ETFs: USO, OIL, UWT, UCO, DWT, SCO, BNO, DBO, UGA, DTO, USL, DNO, OLO, SZO, OLEM, WTIU, OILK, OILX, WTID, USOI, USOU, USOD, OILD, OILU, USAI
  • Now read: Oil Industry Stocks: Why So Little Attention?


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