Investing.com - The American Petroleum Institute (API) estimates released late Tuesday showed an inventory build of 4.4 million barrels, coming on top of a 9.3 million barrels increase the previous week, and was significantly higher than the expected build of around 1.1 million barrels.
Gasoline inventories fell 3.6 million barrels in the week, the same draw as seen the previous week, and distillate inventories fell 4.3 million barrels, the fifth successive substantial weekly draw.