API data shows US crude, fuel stocks increase

Market sources, quoting data from the American Petroleum Institute, said on Tuesday that US crude oil inventories rose last week, while gasoline and distillate inventories rose.

According to “Reuters”, the sources said that crude stocks rose by about 7.8 million barrels in the week ending on the ninth of December.

Gasoline stocks increased by about 900,000 barrels, while distillate stocks increased by about 3.4 million barrels, according to the sources, who asked not to be identified.