API: Crude Stocks Draw; Gasoline, Distillates Decline Too

DAVENPORT, FL (DTN) – U.S. crude oil inventories fell for the first time in three weeks during the week ended October 17, while gasoline and distillate fuel stocks also declined, the American Petroleum Institute reported on Tuesday (10/21).

U.S. commercial crude oil supply decreased by 2.98 million bbl last week, following a 3.524 million bbl build the prior week.

Gasoline inventories fell by 236,000 bbl in the week ending October 18, compared with a 270,000 bbl draw the previous week.

Distillate fuel stocks also declined, sliding by 974,000 bbl after a 4.53 million bbl decrease the prior week.