The American Petroleum Institute reported that U.S. crude supplies rose 2.8 million barrels for the week ended Sept. 1, but gasoline stockpiles fell by 2.5 million barrels, according to sources. The API data, which were delayed by a day because of the Labor Day holiday, also showed that inventories of distillates edged down by 603,000 barrels. Supply data from the Energy Information Administration will be released at today evening (08:30 pm). Analysts polled expect the EIA to report a climb of 2.7 million barrels in crude inventories, along with declines of 4.2 million barrels for gasoline and 1.9 million barrels for distillate supplies.
Source: Marketwatch
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