Investing.com - Crude stocks rose by 4.53 million barrels at the end of last week, the American Petroleum Institute (API) reported on Tuesday, a larger than expected build, while gasoline inventories dropped by a more than expected 4.93 million barrels and distillates fell by 880,000 barrels.
Supplies at the oil hub of Cushing, Oklahoma, rose by 1.97 million barrels.
The figures were expected to show a crude stock build of 2.8 million barrels at the end of last week. Gasoline supplies are seen down 2.008 million barrels, while distillates likely declined by 1.386 million barrels. The API figures are followed on Wednesday by official data from the U.S. Energy Information Administration.