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API says U.S. crude stocks rose 2.9 million barrels last week

Published 01/24/2017, 04:50 PM
Updated 01/24/2017, 05:09 PM
© Reuters.  API reports crude build

© Reuters. API reports crude build

Investing.com - U.S. crude stocks rose 2.9 million barrels at the end of last week, more than the 2.8 million barrels build expected, estimates from the American Petroleum Institute (API) released Tuesday showed.

API also said gasoline stocks rose 4.8 million barrels and distillate supplies gained 2.0 million barrels with supplies at the Cushing, Oklahoma, oil hub down 100,000 barrels at the end of last week.

On Wednesday, the U.S. Department of energy will release official figures.

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