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U.S. crude, fuel stocks drop in most recent week: API


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(Reuters) – U.S. crude oil and fuel stocks fell last week, data from industry group the American Petroleum Institute showed on Wednesday.

Crude inventories fell by 5.4 million barrels in the week to Oct. 9 to about 495.4 million barrels, compared with analysts’ expectations in a Reuters poll for a draw of 2.8 million barrels.

Crude stocks at the Cushing, Oklahoma, delivery hub rose by 2.2 million barrels, API said.

Refinery crude runs fell by 601,000 barrels per day, API data showed.

Gasoline stocks fell by 1.5 million barrels, compared with analysts’ expectations in a Reuters poll for a draw of 1.6 million barrels.

Distillate fuel inventories, which include diesel and heating oil, fell by 3.9 million barrels, compared with expectations for a draw of 2.1 million barrels.

U.S. crude imports rose by 23,000 bpd, the data showed.



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