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U.S. crude supply fell 2.13M barrels last week, API says

Oct. 16, 2018 5:05 PM ETUCO, USO, OIL-OLD, DBO, USL, UGA, DTO, OLO-OLD, SCO, DNO, BNO, OILX, OILK, UWT, DWT, WTID-OLD, WTIU-OLD, USOI, USOU, USOD, USAI, OILU-OLD1, OILD, SZOXF, OILBy: Carl Surran, SA News Editor20 Comments
  • The American Petroleum Institute reportedly shows a draw of 2.13M barrels of oil for the week ending Oct. 12, vs. a build of 9.75M barrels in the previous week.
  • Gasoline reportedly shows a draw of 3.4M barrels and distillates show a draw of 246K barrels; the Cushing, Okla., hub reportedly shows a build of 1.5M barrels.
  • Nymex November crude recently was at $72.23/bbl in electronic trading, higher than today's $71.92 settlement price.
  • ETFs: USO, OIL, UWT, UCO, DWT, SCO, BNO, DBO, UGA, DTO, USL, DNO, OLO, SZO, OLEM, WTIU, OILK, OILX, WTID, USOI, USOU, USOD, OILD, OILU, USAI

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