API Data Show Gains In Weekly U.S. Crude And Gasoline Supplies: Sources

The American Petroleum Institute late Tuesday reported a rise of 897,000 barrels in U.S. crude supplies for the week ended April 21, according to sources. The API data also showed a climb of about 4.4 million barrels in gasoline supplies, while inventories of distillates were little changed, down 36,000 barrels, sources said. Supply data from the Energy Information Administration will be released Wednesday morning. Analysts polled by S&P Global Platts forecast a decrease of 1 million barrels in crude inventories. June crude was at $49.26 a barrel in electronic trading, down from the contract’s settlement of $49.56 on the New York Mercantile Exchange.

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