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10/13, 10:38 PM (Source: TeleTrader)
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US oil stockpiles up by 5.2 million barrels - reports

Crude inventories in the United States increased by 5.2 million barrels in the week ending October 8, according to private data the American Petroleum Institute (API) reportedly published on Wednesday. Oil reserves in Cushing Oklahoma were down by 2.3 million barrels in the period.

Additionally, gasoline stockpiles in the US reportedly lost 4.6 million barrels during the same week, while the country's distillate reserves saw a decrease of 2.7 million barrels.

Breaking the News / TT