US Crude Oil Inventories Rose 4.755 Million Barrels Last Week – API

Investing.com – US inventories rose by 4.755 million barrels last week, according to estimates by the American Petroleum Institute released on Tuesday, a surprise gain and above expectations of a 1.6 million barrels draw.

Gasoline inventories jumped 4.117 million barrels, while distillate stocks fell 1.280 million barrels, Analysts expected crude oil inventories fell 1.6 million barrels, distillates down 1.471 million barrels and gasoline supplies up by 2.486 million barrels.

On Wednesday, the Energy information Administration will release official weekly figures.

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