Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Oil and Gasoline Stockpiles Advanced Last Week, API Reports

Feb. 14 (Bloomberg) -- Crude oil inventories rose 2.9 million barrels to 337.8 last week, the American Petroleum Institute said.

Gasoline stockpiles rose 1.81 million barrels to 230.7 million, the API’s weekly report showed. Distillate fuel inventories fell 2.16 million barrels to 142.1 million.

Inventories at Cushing, Oklahoma, the delivery point for futures traded on the New York Mercantile Exchange, rose 1.98 million to 32.5 million.

The Energy Department is scheduled to release its inventory report at 10:30 a.m. tomorrow in Washington.

The government report may show stockpiles of crude oil rose 1.6 million barrels last week, according to the median of 12 responses in a Bloomberg News survey of analysts. Gasoline inventories probably gained 775,000 barrels, the survey showed. Distillates were expected to slip by 1.1 million barrels.

API collects stockpile information on a voluntary basis from operators of refineries, bulk terminals and pipelines. The government requires that reports be filed with the Energy Department for its weekly survey.

Crude oil for March delivery rose 3 cents to $100.94 a barrel at 4:31 p.m. in electronic trading on the New York Mercantile Exchange. The contract, which settled at $100.74, traded at $101.17 before the report was released at 4:30 p.m.

To contact the reporter on this story: Richard Stubbe in Houston at

To contact the editor responsible for this story: Dan Stets at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.