Investing.com - The American Petroleum Institute said on Tuesday that crude oil inventories last week surged 9.3 million barrels for the second straight weekly build under its estimates and well above market expectations.
Gasoline inventories dropped 3.6 million barrels last week, while distillate fell 3.1 million barrels, a fourth straight drop. Cushing recorded a build of 1.0 million barrels for the week.