API data show 912,000-barrel rise in crude supply

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API data show 912,000-barrel rise in crude supply

Financial Markets News 0

SAN FRANCISCO (MarketWatch) — The American Petroleum Institute late Tuesday reported an unexpected climb of 912,000 barrels in crude supplies for the week ended May 9, according to sources. Analysts surveyed by Platts had forecast a fall of 1.5 million barrels. Sources also said the API reported gasoline stockpiles fell 2 million barrels, while distillate supplies climbed 883,000 barrels. Analysts were looking for gasoline stockpiles to fall 1 million barrels and distillate supplies to climb…



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