Oil Inventories Rose by 3.9M Barrels Last Week: API By Investing.com

© Reuters.

By Yasin Ebrahim

Investing.com – U.S. crude stockpiles rose last week, according to an estimate released Tuesday by the American Petroleum Institute.

The API said increased by 3.9 million for the week ended June 12. 

Analysts expect that the Energy Information Administration will report a when it issues numbers tomorrow morning. The EIA numbers are due at 10:30 AM ET (14:30 GMT).

Inventories at the Cushing, Oklahoma, hub fell by 3.29 million barrels.

were up 2.02% following the release, after settling up 3.39% at $38.38 a barrel Tuesday in regular trading.

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