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>> PETROLEUM Latest News

FEB 12, 2013 - MarketWatch

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API reports fall in crude, gasoline supplies

SAN FRANCISCO (MarketWatch) -- Crude-oil and gasoline supplies unexpectedly fell for the week ended Feb. 8, according to data from the American Petroleum Institute issued late Tuesday. Crude supplies declined by 2.3 million barrels. Analysts polled by Platts were looking for a 2.5 million-barrel climb. Gasoline inventories were down 810,000 barrels, while distillate stockpiles fell 1.1 million barrels, the trade group said. Analysts forecast gasoline stocks to be unchanged and expected a fall of 1.6 million barrels in distillate supplies. The API data come ahead of the more closely watched ... Read More

Tags: API reports fall in crude, gasoline supplies,  Petroleum Latest News