Industry Weekly Report: US API crude oil inventories increased by more than 9 million barrels last week.

Data from the American Petroleum Institute indicates that last week, U.S. API crude oil inventories increased by 9.072 million barrels, compared to an increase of 2.69 million barrels the previous week. Last week, API Cushing crude oil inventories rose by 157.1 thousand barrels, while the previous value was 2.358 million barrels. Last week, API gasoline inventories decreased by 1.531 million barrels, and distillate inventories fell by 596 thousand barrels.