Institute of Petroleum data shows an increase in US oil stocks and a decrease in gasoline stocks By Reuters

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© Archyde.com. Oil storage depots in Cushing, Oklahoma, USA – Photo from Archyde.com archive.

NEW YORK (Archyde.com) – Inventories of oil and distillates in the United States rose last week, market sources said, citing figures from the American Institute of Oil, while gasoline stocks fell.

According to the sources, data from the Petroleum Institute showed that crude stocks increased by 3.6 million barrels during the week ending on September 2, while gasoline stocks decreased by 836,000 barrels. Distillate stocks, which include diesel and heating oil, rose regarding 1.8 million barrels.

The Institute of Petroleum report was released a day later than usual due to a public holiday in the United States this week.

(Prepared by Wagdy Al-Alfi for the Arabic Bulletin)

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