US Crude Oil Stocks Rose 3.229 Million Barrels Last Week, API Says

Investing.com – US stocks rose 3.229 million barrels last week, the American Petroleum Institute (API) said on Tuesday, above expectations.

Gasoline inventories rose by 2.692 million barrels and distillate supplies fell by 4.096 million barels. Analysts expected crude to show a 126,000 barrels build and distillates down by 1.454 million barrels with gasoline seen up by 1.809 million barrels.

Supplies at the oil hub of Cushing, Oklahoma fell 2.383 million barrels.

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

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.