Tuesday, April 19, 2016

American Petroleum Institute Data Show U.S. Oil Supplies Up By 3.1 Million Barrels

June WTI $42.51.
From MarketWatch:
The American Petroleum Institute late Tuesday reported that crude supplies rose by 3.1 million barrels for the week ended April 15, according to sources who reviewed the report. The closely watched Energy Information Administration report will be released Wednesday....MORE
From Econ Calendar:
...In contrast, there was a draw in Cushing stocks of 235,000 barrels for the week. There was a draw in gasoline stocks of 1.02mn barrels with distillates recording a substantial draw of 2.35mn barrels. Gasoline stocks were expected to decline close to 1.5mn barrels in the latest week as demand picks-up on seasonal grounds, but the big draw in distillates will tend to offset this slight disappointment....