The API report was mixed with the outcome in directional sync with the range of expectations. The crude oil build was smaller than expected as was the gasoline build while distillate fuel inventories declined within the expectations for a modest draw. The API reported a build (of about 0.3 million barrels) in crude oil stocks versus an industry expectation for a larger build as crude oil imports declined marginally while refinery run rates also decreased slightly by 0.2%. The API reported a modest draw in distillate stocks. They also reported a small build in gasoline stocks.