Investing.com - The American Petroleum Institute on Tuesday said crude oil inventories jumped 14.23 million barrels at the end of last week, according to sources.
Gasoline inventories rose 2.9 million barrels, while distillate stocks gained by 1.37 million barrels, highlighting continued builds in refined products seen as an overhang on the market. The Cushing oil hub recorded a build of 624,000 barrels, the first increase in five weeks.
The figures are followed on Wednesday by official data from the U.S. Energy Information Administration. Analysts expect a crude build of 2.38 million barrels at the end of last week.