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>> PETROLEUM Latest News

FEB 26, 2013 - MarketWatch

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API posts smaller-than-expected crude supply rise

SAN FRANCISCO (MarketWatch) -- Crude-oil supplies climbed less than expected for the week ended Feb. 22, according to data from the American Petroleum Institute issued late Tuesday. Crude supplies rose 904,000 barrels. Analysts polled by Platts were looking for a 2.6 million-barrel climb. Gasoline inventories declined by 1.4 million barrels, while distillate stockpiles fell 1.7 million barrels, the trade group said. Analysts forecast a fall of 1.5 million barrels for gasoline supplies and a 1.7 million-barrel decline for distillate stockpiles. The API data come ahead of the more closely ... Read More

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