Market sources said, citing figures from the American Petroleum Institute, that stocks of both crude oil and distillates in the United States fell last week, while gasoline stocks rose.
According to the sources, the data of the Petroleum Institute showed that US crude stocks It fell by 872,000 barrels for the week ending Jan. 21. Gasoline stocks increased by 2.4 million barrels, while distillate stocks decreased by 2.2 million barrels.
Crude stocks fell 4.6 million barrels in the week ending January 7 to 413.3 million barrels, while analysts polled by Archyde.com had expected a decline of 1.9 million barrels.