Energy Preview: API Reports Gasoline Inventory Build Of 3.2 Million

21 Sep 2022 , 08:49 AM

The American Petroleum Institute (API) reported a build last week for crude oil of 1.035 million barrels. The build comes as the Department of Energy released 6.9 million barrels from the Strategic Petroleum Reserves in the week ending September 16, leaving the SPR with 427.2 million barrels. In the week prior, the API reported a build in crude oil inventories of 6.035 million barrels after analysts had predicted a draw of 200,000 barrels. The API reported a build in gasoline inventories this week of 3.225 million barrels for the week ending September 16, compared to the previous weeks 3.23 million-barrel draw.Powered by Commodity Insights