According to foreign sources on November 7th, data released by the American Petroleum Institute (API) on Tuesday showed that US crude oil and distillate inventories increased last week, while gasoline inventories decreased.
In the week ending November 3rd, crude oil inventories increased by approximately 11.9 million barrels. Gasoline inventory decreased by approximately 360,000 barrels, while distillate inventory increased by approximately 980,000 barrels.
Analysts had previously predicted that US crude oil inventories fell by about 300000 barrels last week, gasoline inventories decreased by about 800,000 barrels, and distillate inventories decreased by about 1.5 million barrels.
