another tough API inventory report....oil, distillates and gasoline all had inventory builds...dwdc
Crude oil inventories in the United States rose this week by 483,000 barrels for the week ending January 12, according to The American Petroleum Institute (API), after analysts predicted a draw of 2.4 million barrels. Gasoline inventories saw another large build this week, rising by 4.86 million barrels. Distillate inventories also rose this week, by 5.21 million barrels.