API: U.S. October Oil Use Up 1.3% vs Year Earlier at 18.953 Million B/D

*API: U.S. October Gasoline Use Up 2.6% vs Year Earlier *API: U.S. Gasoline Use of 8.928 Million B/D Hit Three-Year October High *API: U.S. Crude Oil Output at 25-Year October High *API: U.S. Crude, Products Imports at 17-Year October Low *API: U.S. Crude Oil Stocks Highest at End-October Since 1930 By David Bird NEW YORK–U.S. oil demand rose 1.3% year-on-year in October to 18.953 million barrels a day, led by a three-year high in gasoline use in the month, the American Petroleum Institute said Thursday. The trade group said U.S. crude oil output continued to climb, reducing the need for foreign supplies. “Domestic crude oil production hit a 25-year October high last month, while imports fell to a 17-year October low,” said John Felmy, API’s chief economist. “The United States continues to meet more and more of its demand with energy produced here at home.” Demand for gasoline, the […]

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