The American Petroleum Institute reported an unexpected climb of 1.6 million barrels in U.S. crude supplies for the week ended July 14.The API data also showed a drop of 5.4 million barrels in gasoline supplies, while inventories of distillates were down 2.9 million barrels.
Supply data from the Energy Information Administration will be released today evening which is expected to come at -3.6M against -7.6M noted previously.
Source: Market watch
More will update soon!!
