:: Reports --- ID :: 14593
API reported hefty draw in U.S crude inventories
Decrease in inventory followed by increase in production

By Srinivas Chowdary Sunkara // petrobazaar // 13-12-2017.

U.S API weekly crude stock for the week ending 8th Dec, 2017.

As per latest API's Weekly Statistics Bulletin (WSB), released as on 12th Dec, 2017, the actual weekly U.S. crude supplies for the week ended Dec 8th were down  by 7.382 Mb against the estimated draw of 4.0Mb. As per the sources, The American Petroleum Institute reported a rise of 2.3 million barrels in gasoline inventories, while distillates inventories climbed  by nearly 1.5 million barrels as per the sources. Analysts polled by S&P Global Platts expect the EIA to report a fall of 4 million barrels in crude inventories along with a rise of 1.6 million barrels for gasoline and 500,000 barrels for distillate supplies are up during the week.

TAG LINES: American Petroleum Institute - API - Weekly statistics bulletin - WSB - Platts - Analysts S&P Global Platts - U.S.crude supplies -  crude inventories - gasoline supplies - distillate