U.S. crude supply rose 2.1M barrels last week, API says

Jan. 29, 2019 5:00 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 Editor15 Comments
  • The American Petroleum Institute reportedly shows a build of 2.1M barrels of oil for the week ending Jan. 25, vs. a build of 6.55M barrels in the previous week.
  • Gasoline inventories reportedly show a build of 2.15M barrels and distillate inventories show a build of 211K barrels; the Cushing, Okla., hub reportedly shows a draw of 682K barrels.
  • Nymex crude recently was at $53.29/bbl in electronic trading, little changed from today's $53.31/bbl 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

Recommended For You