Institute of Petroleum data shows decline in US oil stocks, increase in fuel stocks By Reuters

© Reuters. Crude oil storage tanks in Cushing, Oklahoma, USA, in a Reuters file photo.

(Reuters) – Stockpiles in the United States fell last week, while fuel stocks rose, two market sources said, citing data from the American Petroleum Institute, on Tuesday.

The two sources said that the Petroleum Institute data showed that crude stocks fell by 2.1 million barrels in the week ending on the fourth of June.

Gasoline stocks rose two million barrels, while distillate stocks, which include diesel and heating oil, rose 3.8 million barrels.

The Petroleum Institute did not respond to a request for comment.

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

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