rose much less than the analysts expected for the week ended May 3, according to data from the American Petroleum Institute issued late Tuesday. Crude supplies rose 680,000 barrels, while a Platts survey of analysts showed a forecast for a 1.9 million-barrel climb. Gasoline inventories fell 186,000 barrels and distillate stockpiles rose by 1.1 million barrels. Analysts were looking for a decline of 750,000 barrels in gasoline inventories and a rise of 1 million barrels for distillate supplies. The API data come ahead of the more closely watched U.S. Energy Information Administration report due Wednesday.
Source by Commodity Insights
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