API shows U.S. crude stocks rise, gasoline falls: sources

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FILE PHOTO: A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant

NEW YORK (Reuters) – U.S. crude oil stocks rose and gasoline inventories fell in the most recent week, according to trading sources citing data from industry group the American Petroleum Institute.

Crude inventories swelled by 3.9 million barrels in the week to March 26, compared with analysts’ expectations in a Reuters’ poll for a build of about 100,000 barrels, sources said.

Gasoline stocks fell by 6 million barrels, compared with expectations for a rise of 700,000 barrels.

Distillate fuel inventories, which include diesel and heating oil, rose by about 2.6 million barrels, versus expectations for an increase of 200,000 barrels.

Reporting by Laila Kearney; Editing by Chris Reese

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