Industry Weekly Report: Last week, API crude oil inventories in the United States increased by 3 million barrels, and gasoline inventories increased by over 600
According to data from the American Petroleum Institute (API), last week, U.S. API crude oil inventories increased by 3 million barrels, compared to an increase of 5.278 million barrels the previous week.
Last week, API Cushing crude oil inventories rose by 1.2 million barrels, with the previous value at 0.945 million barrels.
Last week, API finished product gasoline inventories increased by 6.2 million barrels (previous value +8.233 million barrels), while distillate inventories decreased by 33,000 barrels (previous value +434.4 thousand barrels)
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