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The American Petroleum Institute (API) reported a build of
2.791 million barrels in United States crude oil inventories,
compared to analyst expectations of a build of 4.022 million
barrels for the week ending September 1. Gasoline inventories fell
by 2.544 million barrels for the week ending September 1, against a
larger expected draw of 5.0 million barrels. That US crude oil
inventories would build in the wake of Hurricane Harvey was largely
anticipated, with some saying as much as 40-60 million barrels
could be added to inventory while shuttered…

The American Petroleum Institute (API) reported a build of
2.791 million barrels in United States crude oil inventories,
compared to analyst expectations of a build of 4.022 million
barrels for the week ending September 1. Gasoline inventories fell
by 2.544 million barrels for the week ending September 1, against a
larger expected draw of 5.0 million barrels. That US crude oil
inventories would build in the wake of Hurricane Harvey was largely
anticipated, with some saying as much as 40-60 million barrels
could be added to inventory while shuttered…

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