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.

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