U.S. crude oil stocks down 3.6m barrels, API says, more than seen
Investing.com U.S. crude oil stocks fell by 3.6 million barrels at the end of last week, the American Petroleum Institute (API) said on Tuesday, slightly more than expected.
The figures will be followed by official data from the Energy Information Administration (EIA) on Wednesday. The API and EIA figures often diverge.
Gasoline stocks however rose by 1.4 million barrels and distillates gained 2.0 million barrels, both more than expected. Analysts expected a 3.375 million barrels draw in crude stocks, a 300,000 barrels decline in gasoline inventories and a 38,000 barrels build in distillates.
The supply hub at Cushing, Oklahoma, showed a draw of 460,000 barrels.
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