Crude Oil Inventories Gain 519,000 Barrels-API Says

Investing.com – inventories in the U.S. rose by 519,000 barrels last week, the American Petroleum Institute (API) said on Tuesday, while gasoline supplies fell by 5.753 million barrels and distillate stocks dropped 4.949 million barrels.

The estimates will be to be followed on Wednesday by official data from the Energy Information Administration (EIA). The API and EIA figures often diverge.

Analysts expected a 2.5 million barrels drop in crude stocks and a 1.9 million barrels decrease in distillates and gasoline inventories off by 1.9 million barrels.

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