Oil Prices Rise After API Reports Small Drop In Gasoline Stockpiles
By Julianne Geiger,oilprice – Feb 20, 2019, 3:47 PM CST
The American Petroleum Institute (API) reported a build in crude oil inventory of 1.26 million barrels for the week ending February 15, coming in under analyst expectations that predicted a build in crude oil inventories to the tune of 3.080 million barrels.
Last week, the API reported a small but unexpected crude draw of 998,000 barrels. A day later, the EIA reported a larger one of 3.6 million barrels.