TREE NEWS reports: US crude oil inventories rose by 7.144 million barrels last week, the American Petroleum Institute (API) reported, following a 30,000-barrel draw the prior week. Cushing crude stocks fell 246,000 barrels, after a 300,000-barrel decline a week earlier. Gasoline inventories increased 1.462 million barrels, while distillate stocks rose 1.607 million barrels.
US API Crude Inventories Rose 7.144 Million Barrels Last Week
AI take
The build is broad, spanning crude, gasoline and distillates, which points to softer end-user demand rather than a single-link distortion. The offsetting draw at Cushing matters most for WTI delivery economics, since it suggests the headline crude gain is landing in commercial tanks rather than the pricing hub. Whether the Cushing draw persists against a wider inventory build is the open question for the curve.
Generated by AI for reference only.
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