API: Crude oil inventories lower than expected in the US
NEW YORK (Reuters) – US oil inventories fell more than expected in the latest week, data from the American Petroleum Institute business group showed on Tuesday.
– Crude inventories fell by 5.8 million barrels in the week ending on February 12 to about 468 million barrels, compared with analysts’ expectations in a Reuters poll, a decrease of 2.4 million barrels.
– The API said crude stocks at the delivery center in Cushing, Oklahoma, fell by 3 million barrels.
* Refining increased by 71 thousand barrels per day, according to the data.
Gasoline stocks rose by 3.9 million barrels, compared to analysts’ expectations in a Reuters poll, an increase of 1.4 million barrels.
Distillate stocks, which include diesel and heating oil, decreased by 3.5 million barrels against expectations of a decrease of 1.6 million barrels.
The data showed that US imports of crude increased by 26 thousand barrels per day.
* Crude oil futures expanded gains after the release of API data. (New York Energy Newsroom Report. Edited in Spanish by Javier Lopez)
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