Oil Inventories Rise by 7.5M Barrels Last Week: API

Commodities & Futures
© Reuters.  © Reuters.

By Yasin Ebrahim

Investing.com – U.S. crude stockpiles rose by 7.5 million barrels last week, according to an estimate released Tuesday by the American Petroleum Institute.

Analysts expect that the will report a draw of 2.1 million barrels when it issues numbers tomorrow morning. The EIA numbers are due at 10:30 AM ET (14:30 GMT).

were up 1.71% following the release, after settling up $ 1.15, or 2.82%, at $ 41.96 per barrel.

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