U.S. API Weekly Crude Stock 7.080M vs. 2.500M forecast

U.S. API weekly crude stocks rose more-than-expected last month, official data showed on Tuesday.

In a report, American Petroleum Institute said that U.S. API Weekly Crude Stock rose to a seasonally adjusted annual rate of 7.080M, from -5.800M in the preceding month.

Analysts had expected U.S. API Weekly Crude Stock to rise 2.500M last month.