US crude and distillate stocks fall, gasoline inventories rise
US crude and distillate inventories declined while gasoline stocks increased last week, according to data from the American Petroleum Institute.
Key Takeaways
AIMarket sources said on Wednesday, citing data from the American Petroleum Institute, that US crude oil and distillate inventories fell, while gasoline stocks rose last week.
The sources, who requested anonymity, reported that crude oil inventories dropped by 11.1 million barrels in the week ending October 9.
They added that gasoline inventories increased by 1.1 million barrels, while distillate stocks declined by about 1.5 million barrels compared to the previous week.