According to foreign news on February 21st, data released by the American Petroleum Institute (API) on Wednesday showed that US crude oil and gasoline inventories increased last week, while distillate inventories decreased.
As of the week ending February 16th, crude oil inventories increased by 7.17 million barrels. Gasoline inventories increased by 415000 barrels, while distillate inventories decreased by 2.91 million barrels.
Industry insiders surveyed earlier estimated that US crude oil inventory increased by 3.9 million barrels last week, gasoline inventory decreased by 2.1 million barrels, and diesel inventory decreased by 1.7 million barrels.
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