Investing.com – U.S. crude oil inventories rose surprisingly last week, API reported Tuesday, as data showing an increase in domestic production weighed on sentiment.
The , American benchmark, traded at $81.56 per barrel following this report, after stabilizing at $81.93 per barrel.
Oils rose by about 4.9 million barrels in the week ended April 26, compared to a decline of 3.23 million barrels reported by API in the previous week. Economists expected a drop of 1.5 million barrels.
The increase in stocks comes as domestic production is once again in focus. U.S. crude oil production rose to 13.15 million barrels per day in February, up from 12.58 million barrels per day in January, the largest monthly increase since October, the US Administration said Tuesday. energy information (Energy Information Administration).
API data also showed that gasoline inventories fell by 1.48 million barrels, while distillate inventories fell by 2.2 million barrels.
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The report is expected Wednesday.
