{"id":9675,"date":"2023-05-16T21:03:08","date_gmt":"2023-05-17T01:03:08","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/commodities\/u-s-crude-stocks-up-3-69m-barrels-last-week-api\/"},"modified":"2023-05-16T21:03:08","modified_gmt":"2023-05-17T01:03:08","slug":"u-s-crude-stocks-up-3-69m-barrels-last-week-api","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=9675","title":{"rendered":"U.S. crude stocks up 3.69M barrels last week – API\u00a0"},"content":{"rendered":"
\n

Investing.com — stockpiles rose last week, bucking expectations for a draw, while fuel demand expanded, petroleum industry group API said Tuesday as oil bulls counted on a pick up in energy demand ahead of the typical summer surge in road, air and seaborne travel.<\/p>\n

The rose by 3.69 million barrels during the week ended May 12, according to the API, or American Petroleum Institute. The petroleum industry group had reported a draw of 1.3M barrels in the prior week to May 5.<\/p>\n

The net build in crude stockpiles aside, the API noted a 2.87M barrel build at the Cushing, Oklahoma delivery point for U.S. crude. It had previously cited a draw of 1.316M for Cushing during the week ended May 5.<\/p>\n

On the fuel side, API reported a gasoline inventory draw of 2.46M barrels and a distillate stock drop of 886,000 barrels. In the previous week, it noted a 0.4M barrel build for gasoline and 3.945M drop for distillates.<\/p>\n

The API data serves as a precursor to official inventory data on the same due from the U.S. Energy Information Administration, or EIA, on Wednesday.<\/p>\n

For last week, analysts tracked by Investing.com expect the EIA to report a drop of 0.920M barrels, versus the 2.951M barrel rise reported during the week to May 5.<\/p>\n

On the front, the consensus is for a draw of 1.060M barrels over the 3.168M-barrel decline in the previous week. Automotive fuel gasoline is the No. 1 U.S. fuel product.<\/p>\n

With , the expectation is for a build of 0.057M barrels versus the prior week\u2019s deficit of 4.170M. Distillates are refined into , diesel for trucks, buses, trains and ships and fuel for jets.<\/p>\n

\u00a0<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Investing.com — stockpiles rose last week, bucking expectations for a draw, while fuel demand expanded, petroleum industry group API said Tuesday as oil bulls counted on a pick up in energy demand ahead of the typical summer surge in road, air and seaborne travel. The rose by 3.69 million barrels during the week ended May […]<\/p>\n","protected":false},"author":1,"featured_media":3473,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[242],"tags":[83],"class_list":["post-9675","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-commodities","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nU.S. crude stocks up 3.69M barrels last week - API\u00a0 | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Investing.com -- stockpiles rose last week, bucking expectations for a draw, while fuel demand expanded, petroleum industry group API said Tuesday as oil\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=9675\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. crude stocks up 3.69M barrels last week - API\u00a0 | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Investing.com -- stockpiles rose last week, bucking expectations for a draw, while fuel demand expanded, petroleum industry group API said Tuesday as oil\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=9675\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-17T01:03:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXMPEE2J0AZ-ORUBS_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"728\" \/>\n\t<meta property=\"og:image:height\" content=\"485\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=9675#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=9675\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"U.S. crude stocks up 3.69M barrels last week – API\u00a0\",\"datePublished\":\"2023-05-17T01:03:08+00:00\",\"dateModified\":\"2023-05-17T01:03:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=9675\"},\"wordCount\":290,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Commodities\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=9675#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=9675\",\"url\":\"https:\/\/ifintechworld.com\/?p=9675\",\"name\":\"U.S. crude stocks up 3.69M barrels last week - API\u00a0 | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-05-17T01:03:08+00:00\",\"dateModified\":\"2023-05-17T01:03:08+00:00\",\"description\":\"Investing.com -- stockpiles rose last week, bucking expectations for a draw, while fuel demand expanded, petroleum industry group API said Tuesday as oil\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=9675#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=9675\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=9675#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"U.S. crude stocks up 3.69M barrels last week – API\u00a0\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"U.S. crude stocks up 3.69M barrels last week - API\u00a0 | iFintechWorld","description":"Investing.com -- stockpiles rose last week, bucking expectations for a draw, while fuel demand expanded, petroleum industry group API said Tuesday as oil","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=9675","og_locale":"en_US","og_type":"article","og_title":"U.S. crude stocks up 3.69M barrels last week - API\u00a0 | iFintechWorld","og_description":"Investing.com -- stockpiles rose last week, bucking expectations for a draw, while fuel demand expanded, petroleum industry group API said Tuesday as oil","og_url":"https:\/\/ifintechworld.com\/?p=9675","og_site_name":"iFintechWorld","article_published_time":"2023-05-17T01:03:08+00:00","og_image":[{"width":728,"height":485,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXMPEE2J0AZ-ORUBS_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=9675#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=9675"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"U.S. crude stocks up 3.69M barrels last week – API\u00a0","datePublished":"2023-05-17T01:03:08+00:00","dateModified":"2023-05-17T01:03:08+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=9675"},"wordCount":290,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Commodities"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=9675#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=9675","url":"https:\/\/ifintechworld.com\/?p=9675","name":"U.S. crude stocks up 3.69M barrels last week - API\u00a0 | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-05-17T01:03:08+00:00","dateModified":"2023-05-17T01:03:08+00:00","description":"Investing.com -- stockpiles rose last week, bucking expectations for a draw, while fuel demand expanded, petroleum industry group API said Tuesday as oil","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=9675#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=9675"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=9675#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"U.S. crude stocks up 3.69M barrels last week – API\u00a0"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/9675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9675"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/9675\/revisions"}],"predecessor-version":[{"id":9676,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/9675\/revisions\/9676"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/3473"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}