Crude Stocks Down, Prices Up

Crude Stocks Down, Prices Up

US crude oil stocks decreased by 7.6 MMBbl last week. Gasoline inventories decreased by 1.6 MMBbl, while distillate stocks increased by 3.1 MMBbl. Yesterday afternoon, API had reported a crude oil and gasoline withdrawal of 8.1 MMBbl and 0.8 MMBbl respectively,...