Petroleum Institute data shows a decline in US crude inventories and an increase in fuel stocks, by Reuters

© Archyde.com. A picture taken by a drone of tanks for oil, gasoline and other petroleum products at an oil refinery in Los Angeles, California, on March 11, 2022. Photo: Peng Guan –

New York (Archyde.com) – Market sources said, quoting data from the American Petroleum Institute, on Tuesday, that US stocks fell last week, while gasoline and distillate stocks rose.

The sources said that crude stocks fell by regarding 3.1 million barrels in the week ending December 16.

Gasoline stocks increased by regarding 4.5 million barrels, while distillate stocks increased by 828 thousand barrels, according to the sources, who asked not to be identified.

(Prepared by Ahmed Maher for the Arabic Bulletin)

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