The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 7.2 million barrels for the week ended Sept. 6, according to sources. The API data also reportedly showed a stockpile decline of 4.5 million barrels in gasoline, while distillate supplies rose by 618,000 barrels. Inventory data from the Energy Information Administration will be released Wednesday. The EIA data are expected to show crude inventories down by 3.6 million barrels last week, according to a survey of analysts polled by S&P Global Platts. Gasoline supplies are forecast to fall by 1.4 million barrels, while distillate stockpiles are seen higher by 220,000 barrels. October West Texas Intermediate crude
was at $57.90 a barrel in electronic trading, up from the contract’s $57.40 settlement on the New York Mercantile Exchange.
Go to Source