The API inventories were released late Tuesday and showed that U.S. crude oil stocks rose by 5.691 million barrels last week, gasoline stocks fell by 1.953 million barrels and stocks of distillates fell by 112,000 barrels.
The Department of Energy's inventories report is coming out later today at 10.30 AM ET. Crude inventories are expected to rise 1.5 million barrels, gasoline stocks are seen falling 1.7 million barrels and supplies of distillates are also expected to fall 400,000 barrels.
Related: United States Oil Fund (USO), Sunoco (SUN), Valero Energy (VLO), Western Refining (WNR)
