This pulse corrects weekly changes to the supply of crude, gasoline and distillate, as well as reserves in Cushing, Oklahoma, reported by the American Petroleum Institute and citing Reuters by the data.
The American Petroleum Institute reported Tuesday night that U.S. crude supplies increased by 1.7 million barrels for the week ending June 19, according to Reuters. According to reports, API data also showed that gasoline stocks decreased by 3.9 million barrels, while distillate inventories decreased by 2.6 million barrels. Meanwhile, crude stocks at the Cushing, Oklahoma, storage facility lost 325,000 barrels during the week, Reuters said. The inventory data from the Energy Information Administration will be released on Wednesday. EIA data is expected to show that crude inventories fell by 100,000 barrels last week, according to analysts surveyed by S&P Global Platts. They also forecast a 1.9 million barrel supply decline for gasoline and a 100,000 barrel increase for distillate inventories. August West Texas Raw Intermediate CLQ20,
It was at $ 40.14 a barrel in e-commerce. It was settled Tuesday at $ 40.37 on the New York Mercantile Exchange.