↑ Scroll to top

Oil supplies down 12 mln barrels last week: API

Published: January 4, 2013 | 9:03 am
Text size: -A +A

January 03, 2013
SAN FRANCISCO (MarketWatch) — Crude-oil supplies dropped by 12 million barrels for the week ended Dec. 28, according to a report from the American Petroleum Institute issued late Thursday. Analysts polled by Platts were looking for a 1 million-barrel decline in crude-oil supplies. Gasoline inventories rose 3.3 million barrels and distillate stocks were up 6.7 million barrels, the report from the trade group said. Analysts forecast a rise of 2.3 million barrels in gasoline inventories and a climb of 1.6 million barrels in distillate supplies. The API data come ahead of the more closely watched U.S. Energy Information Administration report due Friday. The reports from the API and EIA were delayed due to the New Year’s Day holiday. Ahead of the API data, February crude (US:clg3) settled at $92.92 a barrel, down 0.2%.

marketwatch

VN:F [1.9.10_1130]
Rating: 0 (from 0 votes)
Share on Facebook Share on Twitter
More posts in category: Latest News
  • Cas upholds two-year ban on Mali’s Amadou Diakite
  • Wenger not worried about Robin van Persie goal
  • Tullow Deepwater Exploration Well Off Ivory Coast Strikes Oil
  • Andrew Garfield: ‘I almost suffocated on The Amazing Spider-Man set’