API: Crude Stocks Up 13.4M Bbl on Week; Distillates Dip

SECAUCUS, N.J. (DTN) –- The American Petroleum Institute (API)  reported on Tuesday (2/10) a build in commercial crude oil and gasoline stocks and a decline in distillate fuel inventories for the week ended February 6.

API said commercial crude oil stocks jumped by 13.4 million bbl in the week profiled, while inventories at the Cushing, Oklahoma delivery point for NYMEX WTI futures rose by 1.4 million bbl.

Gasoline stocks increased by 3.3 million bbl while distillate supply dropped by 2 million bbl, in the reference week.