Crude oil supplies rose by 12.4 million barrels last week, API reports. Motor gasoline supplies decreased by 2 million barrels.
API's weekly report indicates that crude supplies increased by 899,000 barrels last week, motor gasoline supplies were up 3.6 million barrels and distillate supplies increased by 1.5 million barrels.
API's weekly survey on Wednesday showed a dramatic drop in supplies, with crude down 21.6 million barrels and gasoline down 3 million barrels.
API reports that crude oil and gasoline supplies increased last week. According to API's report, crude supplies were up 4.2 million barrels and gasoline supplies were up 935,000 million barrels.
A weekly API report indicates crude inventories increased 1.1 million barrels to 304.8 million barrels in the U.S. last week. Distillate stocks increased by 538,000 barrels, and gasoline stocks fell 1.2 million barrels.
Crude oil supplies increased by 2.2 million barrels last week, API reports. Gasoline supplies rose by 2.2 million barrels.