From: Wagner, Jonathan
Sent: Tuesday, April 14, 2020 3:37:14 PM (UTC-06:00) Central Time (US & Canada)
To: Wagner, Jonathan
Subject: U.S. crude stocks jump by 13 mln bbls in latest week -API – Reuters News
U.S. crude oil, gasoline and distillate stocks all rose sharply, data from industry group the American Petroleum Institute showed on Tuesday. Crude inventories rose by 13.1 million barrels in the week to April 10 to 486.9 million barrels, compared with analysts’ expectations for a build of 11.7 million barrels. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 5.4 million barrels, API said. Refinery crude runs fell by 1.2 million barrels per day, API data showed. Gasoline stocks rose by 2.2 million barrels, compared with analysts’ expectations in a Reuters poll for a 6.4 million-barrel increase. Distillate fuel inventories, which include diesel and heating oil, rose by 5.6 million barrels, compared with expectations for an increase of 1.4 million barrels. U.S. crude imports fell last week by 830,000 barrels per day, the data showed.
Ion Energy Group
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New York, NY 10005
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