API: Energy stocks rose unexpectedly last week
YORK Wednesday morning news the American Petroleum Institute (API) Tuesday reported last week, oil, gasoline and distillate inventories rose unexpectedly.
the association, said the week ended July 9 million barrels of crude oil inventories increased by 174, while the average of analysts polled by Platts expect to reduce the 260 million barrels. Last week, gasoline inventories also increased 173 million barrels, including diesel and heating oil distillate stocks, including an increase of 319 million barrels. Analysts surveyed by Platts had expected gasoline inventories increased last week, 95 million barrels, distillate stocks increased by 50 million barrels.
U.S. Department of Energy inventory report will be released Wednesday morning, investors pay more attention to the U.S. Department of Energy's inventory report. August crude futures on Globex electronic trading system was down 1 cent, to 77.14 U.S. dollars a barrel.
